Summary
Prologis, Inc. (PLD) through its operating partnership, Prologis, L.P. (the "Operating Partnership"), announced on April 27, 2026, the pricing and impending closing of an offering of C$850,000,000 aggregate principal amount of 4.250% Notes due 2034. These notes are senior unsecured obligations and are expected to be issued on April 27, 2026. The net proceeds from this offering are estimated at approximately C$839.9 million and are intended for general corporate purposes. This may include repaying existing borrowings under credit lines, a Canadian dollar term loan, and potentially other debt. The issuance of these notes diversifies Prologis's debt maturity profile and provides capital for ongoing operations and strategic initiatives.
Key Highlights
- 1Prologis, L.P. priced an offering of C$850 million of 4.250% Notes due 2034.
- 2The offering is expected to close on April 27, 2026.
- 3Net proceeds are estimated at C$839.9 million.
- 4Proceeds will be used for general corporate purposes, including repayment of debt.
- 5The notes are senior unsecured obligations of the Operating Partnership.
- 6The notes carry a 4.250% annual interest rate and mature on May 15, 2034.
- 7The indenture governing the notes contains covenants restricting additional indebtedness and asset dispositions.
Frequently Asked Questions
Prologis, L.P. is issuing C$850,000,000 in aggregate principal amount of notes with a fixed interest rate of 4.250% per annum.
The notes are due to mature on May 15, 2034.
The net proceeds are intended for general corporate purposes. This may include repaying existing borrowings under global lines of credit, a Canadian dollar term loan, and potentially other debt obligations.
The notes are senior unsecured obligations of Prologis, L.P., meaning they are not backed by specific collateral.