Prologis planning to offer senior notes due 2021

By Aleesia Forni

Virginia Beach, Oct. 24 - Prologis LP is expected to sell an offering of senior notes due 2021, according to a 424B3 filing with the Securities and Exchange Commission.

Goldman Sachs & Co., Deutsche Bank Securities Inc., BofA Merrill Lynch, Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are the joint bookrunners.

The company intends to use the 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 the notes, which commenced on Oct. 24.

The notes will be unconditionally guaranteed by Prologis Inc.

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

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