A Prologis Inc. unit priced an offering of three series of notes totaling €1.8 billion.
Prologis Euro Finance LLC priced €600 million of 0.250% notes due Sept. 10, 2027, at 99.818% of the principal amount; €700 million of its 0.625% notes due Sept. 10, 2031, at 99.988%; and €500 million of its 1.500% notes due Sept. 10, 2049, at 97.539%.
Prologis Euro Finance plans to lend or distribute the net proceeds from the offering to Prologis LP or one of its subsidiaries, which may use the funds for general corporate purposes, including the redemption of one or more series of notes due 2020, or to repay borrowings under its multi-currency senior term loan.
Goldman Sachs & Co. LLC, HSBC Bank PLC, J.P. Morgan Securities PLC and Morgan Stanley & Co. International PLC are joint book-running managers for the offering, which is expected to close on or about Sept. 10, subject to closing conditions.
