Company: PLDGP
Filing Date: 2025-02-04
Form Type: 8-K
Source: 0001104659-25-008890
Chunk: 0

Company: Prologis, Inc.
Filing Date: 2025-02-04
Form: 8-K
Item: Item 8.01
Chunk 0
---
Item 8.01 Other Events.

On January 28, 2025, the Operating
Partnership priced an offering of C$750,000,000 aggregate principal amount of its 4.200% Notes due 2033 (the “ Notes”).
In connection with the offering, the Operating Partnership entered into an Underwriting Agreement, dated January 28, 2025 (the
“ Underwriting Agreement”), with Scotia Capital Inc. and TD Securities Inc., as the underwriters (the
“ Underwriters”), pursuant to which the Operating Partnership 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 June 8, 2011 (the “ Base Indenture”), among Prologis, Inc. (the “ Parent”), the Operating
Partnership and U. S. Bank Trust Company, National Association, as successor in interest to U. S. Bank National Association, as trustee,
as supplemented by the fifth supplemental indenture, dated as of August 15, 2013 and the ninth supplemental indenture, dated as of
November 3, 2022 (the Base Indenture, as supplemented by the fifth supplemental indenture and ninth supplemental indenture, the “ Indenture”).

The net proceeds to the Operating Partnership from
the sale of the Notes, after the Underwriters’ discount and offering expenses, are estimated to be approximately C$742.6 million. The Operating Partnership intends to use the net proceeds of the offeringfor
general corporate purposes, including, but not limited to, the repayment of borrowings under its global lines of credit and
possibly other debt.

The Notes will bear interest at a rate
of4.200% per annum and mature on February 15,2033.
The Notes will be senior unsecured obligations of the Operating Partnership.

At any time prior to November 15, 2032 (the
“ Par Call Date”), the 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