Prologis planning two-part offering of senior notes due 2019, 2023

By Aleesia Forni

Virginia Beach, Va., Aug. 8 - Prologis LP is planning to sell a two-part offering of notes, according to a company news release and a filing with the Securities and Exchange Commission.

The senior notes will mature in 2019 and 2023.

The company intends to use proceeds from the sale to repay borrowings under its global line and to fund the cash purchase of senior notes that are tendered under offers to purchase such notes, which commenced on Aug. 8.

The notes are guaranteed by Prologis Inc.

Citigroup Global Markets Inc., Goldman Sachs & Co., BofA Merrill Lynch and J.P. Morgan Securities LLC are the joint bookrunners.

Denver-based Prologis, Inc. is an owner, operator and developer of industrial real estate.

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