Company: PLDGP
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001104659-25-091816
Chunk: 0

Company: Prologis, Inc.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01 Other Events.

On September 15, 2025, the Issuer priced
an offering of €500,000,000 aggregate principal amount of its 3.250% Notes due 2032 (the “2032 Notes”) and €500,000,000
aggregate principal amount of its 3.875% Notes due 2037 (the “2037 Notes” and, together with the 2032 Notes, the “ Notes”). In connection with the offering, the Issuer and the Operating Partnership entered into an Underwriting Agreement,
dated September 15, 2025 (the “ Underwriting Agreement”), with Banco Bilbao Vizcaya Argentaria, S. A., BNP PARIBAS,
Crédit Agricole Corporate and Investment Bank, J. P. Morgan Securities plc, Morgan Stanley & Co International plc and the
other underwriters named in Schedule A thereto (the “ Underwriters”), pursuant to which the Issuer agreed to sell and
the Underwriters agreed to purchase the Notes, subject to and upon the terms and conditions set forth therein. A copy of the
Underwriting Agreement has been filed as an exhibit to this Current Report and is incorporated herein by reference.

The Notes are being issued under an indenture
dated as of August 1, 2018 (the “ Base Indenture”), among the Issuer, the Operating Partnership and U. S. Bank
Trust Company, National Association, as successor in interest to U. S. Bank National Association, as trustee (the “ Trustee”),
as supplemented by the first supplemental indenture, dated as of August 1, 2018 (the Base Indenture, as supplemented by the
first supplemental indenture, the “ Indenture”).

The net proceeds to the Issuer from the sale
of the Notes, after the Underwriters’ discounts and offering expenses, are estimated to be approximately €989.2 million,
or $1.2 billion, based on the euro/U. S. dollar rate of exchange as of September 5, 2025. The Issuer intends to lend or distribute
the net proceeds from the Notes to the Operating Partnership or one of the Operating Partnership’s other subsidiaries. The Operating Partnership expects
to use such net proceeds for general corporate purposes, including to repay, repurchase or tender for other indebtedness.

The 2032 Notes will bear interest at a rate of
3.250% per annum and mature on