Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 343

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 7
Chunk 343
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 co-investment ventures;

•proceeds from the contribution of properties to current or future co-investment ventures;

•proceeds from the disposition of properties or other investments to third parties;

39

•available unrestricted cash balances ($1.3 billion at December 31, 2024);

•borrowing capacity under our current credit facility arrangements that allows us to borrow on a short-term basis, with maturities generally ranging from overnight to three months ($6.1 billion available at December 31, 2024), including our commercial paper program that we established in the first quarter of 2024; and

•proceeds from the issuance of debt.

In the long term, we may also voluntarily repurchase our outstanding debt or equity securities (depending on prevailing market conditions, our liquidity, contractual restrictions and other factors) through cash purchases, open-market purchases, privately negotiated transactions, tender offers or otherwise. We may also fund our cash needs from the issuance of equity securities, subject to market conditions, and through the sale of a portion of our investments in co-investment ventures.

Debt

The following table summarizes information about our consolidated debt by currency at December 31 (dollars in millions): 

    2024

    2023

    Weighted Average Interest Rate
     
    Amount Outstanding

    % of Total

    Weighted Average Interest Rate
     
    Amount Outstanding

    % of Total

    British pound sterling
     
    3.1%
     
    $
    1,715

    5.6
    %
     
    2.1%
     
    $
    1,300

    4.5
    %

    Canadian dollar
     
    4.7%

    1,262

    4.1
    %
     
    5.0%

    830

    2.9
    %

    Chinese renminbi
     
    3.6%

    633

    2.0
    %
     
    3.7%

    242

    0.8
    %

    Euro
     
    2.1%

    9,900

    32.1
    %
     
    2.0%

    10,084

    34.8
    %

    Japanese yen
     
    1.1%

    2,911

    9.4