Company: PLDGP
Filing Date: 2025-05-07
Form Type: 8-K
Source: 0001104659-25-045539
Chunk: 0

Company: Prologis, Inc.
Filing Date: 2025-05-07
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On May 5, 2025, the Operating Partnership priced
an offering of $500,000,000 aggregate principal amount of its 4.750% Notes due 2031 (the “2031 Notes”) and $750,000,000 aggregate
principal amount of its 5.250% Notes due 2035 (the “2035 Notes” and, together with the 2031 Notes, the “ Notes”).
In connection with the offering, the Operating Partnership entered into an Underwriting Agreement, dated May 5, 2025 (the “ Underwriting
Agreement”), with BofA Securities, Inc., Goldman Sachs & Co. LLC, J. P. Morgan Securities LLC and Wells Fargo Securities, LLC,
as representatives of the several underwriters named in Schedule A thereto (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 (the Base Indenture, as supplemented by the fifth 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 $1.2 billion. The
Operating Partnership intends to use the net proceeds from the offering of the notes for general corporate purposes, including, but not
limited to, the repayment of borrowings under its commercial paper program and possibly other debt.

The 2031
Notes will bear interest at a rate of 4.750% per annum and mature on January 15, 2031. The 2035 Notes will bear interest at a rate of
5.250% per annum and mature on May 15, 2035. The Notes will be senior unsecured obligations of the Operating Partnership.

The 2031 Notes and