Prologis to price dollar-denominated senior notes in two tranches

By Mary-Katherine Stinson

Lexington, Ky., March 23 – Prologis, LP is offering two tranches of dollar-denominated notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will feature a make-whole call option until some months prior to maturity, and then a par call option.

BofA Securities, Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC are the joint bookrunners.

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

Mayer Brown LLP will act as counsel for the issuer. Sidley Austin LLP is 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 $367 million outstanding as of March 21.

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

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