Company: PLDGP
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001104659-25-045539
Chunk: 1

Company: Prologis, Inc.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 8.01
Chunk 1
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 the 2035 Notes will be redeemable
in whole at any time or in part from time to time, at the option of the Operating Partnership, at a redemption price equal to the greater
of: (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments
of principal and interest on the Notes to be redeemed that would be due if such Notes matured on December 15, 2030, in the case of the
2031 Notes, or February 15, 2035, in the case of the 2035 Notes (each, the “ Applicable Par Call Date” as to the applicable
series of Notes) (in each case exclusive of interest accrued to the redemption date), discounted to the redemption date, on a semi-annual
basis (assuming a 360-day year consisting of twelve 30-day months) at the then current Treasury Rate plus 15 basis points, in the case
of the 2031 Notes, and 20 basis points, in the case of the 2035 Notes. In addition, on or after the Applicable Par Call Date, each series
of Notes will be redeemable in whole at any time or in part from time to time, at the Operating Partnership’s option, at a redemption
price equal to 100% of the principal amount of the applicable series of Notes to be redeemed. In each case, accrued and unpaid interest,
if any, will be paid on the Notes being redeemed to, but excluding, the redemption date.

The Indenture governing the Notes restricts, among
other things, the Operating Partnership’s and its subsidiaries’ ability to incur additional indebtedness and to merge or consolidate
with any other person or sell, assign, transfer, lease, convey or otherwise dispose of substantially all of its assets.

The Notes are being issued pursuant to the Registration
Statement (File No. 333-267431) that the Operating Partnership, the Parent and certain of their wholly-owned subsidiaries filed with the
Securities and Exchange Commission (the “ SEC”) relating to the public offering from time to time of securities of the Operating
Partnership, the Parent and certain of their wholly-owned subsidiaries pursuant to Rule 415 of the Securities Act of 1933, as amended.
In connection with filing with the SEC a definitive prospectus supplement, dated May 5, 2025, and base prospectus, dated September 15,
2022