Prologis to price Canadian dollar-denominated fixed-rate notes

By Marisa Wong

Los Angeles, Oct. 27 – Prologis, LP is offering Canadian dollar-denominated fixed-rate notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call, followed by a par call.

Scotia Capital Inc. and TD Securities Inc. are the joint bookrunners.

U.S. Bank Trust Co., NA is the trustee.

Mayer Brown LLP and Cassels & Graydon LLP will act as counsel for the issuer. Sidley Austin LLP and Stikeman Elliott LLP are advising the bookrunners.

Proceeds will be used for general corporate purposes, including repaying or repurchasing debt or managing other capital needs. In the short term, the company may use proceeds to repay borrowings under its global line of credit, which had $1.4 billion outstanding as of Oct. 25.

Prologis is a logistics real estate company based in San Francisco.

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