Prologis Euro contemplates tender offer from new offering

Chicago, May 16 – Prologis Euro Finance LLC indicated that it was contemplating a possible tender offer with the proceeds from a new €750 million offering, according to a market source.

The first use of proceeds is to repay borrowings under a euro tranche of a global line of credit.

However, the company will also look at repaying, repurchasing or tendering for other debt.

Prologis priced a 10-year offering that is guaranteed by Prologis LP, on Tuesday.

The San Francisco-based issuer is an owner, operator and developer of industrial real estate in global and regional markets.

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