Prologis, L.P. Completes Issuance of $1.2 Billion in Senior Notes

Summary

On May 5, 2025, Prologis, L.P. (the 'Operating Partnership') completed the issuance and sale of $1.2 billion aggregate principal amount of its 4.750% Notes due 2031 and 5.250% Notes due 2035. The Operating Partnership entered into an Underwriting Agreement with several underwriters, including BofA Securities, Inc., Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The net proceeds from the sale, after the Underwriters' discount and offering expenses, will be used for general corporate purposes, including repayment of borrowings under its commercial paper program and possibly other debt.