Company: PLDGP
Filing Date: 2025-09-22
Form Type: 8-K
Source: 0001104659-25-091816
Chunk: 1

Company: Prologis, Inc.
Filing Date: 2025-09-22
Form: 8-K
Item: Item 8.01
Chunk 1
---
 September 22, 2032. The 2037 Notes will bear interest at a rate of 3.875% per annum and mature on
September 22, 2037. Each series of Notes will be senior unsecured obligations of the Issuer and will be fully and unconditionally
guaranteed by the Operating Partnership.

The 2032 Notes and the 2037 Notes will be redeemable
in whole at any time or in part from time to time, at the option of the Issuer, at a redemption price equal to the greater of: (i) 100%
of the principal amount of the Notes to be redeemed or (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 June 22, 2032, in the
case of the 2032 Notes, or June 22, 2037, in the case of the 2037 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 an annual basis at the applicable Comparable Government Rate Bond plus 15 basis points, in the case of the 2032 Notes, or 20 basis
points, in the case of the 2037 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 Issuer’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. 333-289636) that the Issuer and the Operating Partnership filed with the Securities and Exchange Commission
(the “ SEC”) relating to the public offering from time to time of securities of the Issuer and the Operating Partnership
pursuant to Rule 415 of