Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 159

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 159
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 of 41 million square feet of industrial real estate properties at December 31, 2024. As a result, our ownership interest in FIBRA Prologis decreased to 34.6% at December 31, 2024.

•In India, we acquired 225 acres of land to support future development opportunities in this new market.

29

•At December 31, 2024, we had total available liquidity of $7.4 billion, including borrowing capacity on our credit facilities of $6.1 billion and unrestricted cash balances of $1.3 billion. 

•At December 31, 2024, our total debt was $30.9 billion with a weighted average maturity of 9 years and an effective interest rate of 3.1%. Our financing activities during the year included the following: 

•In March 2024, we established a commercial paper program, under which we may issue, repay and re-issue short-term unsecured commercial paper notes (“CPNs”) denominated in U.S. dollars. At any point in time, we are required to maintain available commitments under our credit facilities in an amount at least equal to the CPNs outstanding.

•We issued senior notes of $4.2 billion (principal in millions):

    Aggregate Principal

    Issuance Date Weighted Average

    Issuance Date

    Borrowing Currency

    USD (1)

    Interest Rate
     
    Years
     
    Maturity Dates

    January
     
    $
     
    1,250

    $
    1,250

    5.1%
     
    17.3

    March 2034 – 2054

    February
     
    CN¥
     
    1,500

    $
    211

    3.5%
     
    3.0

    February 2027

    March
     
    C$
     
    550

    $
    405

    4.7%
     
    5.0

    March 2029

    May
     
    €
     
    550

    $
    592

    4.0%
     
    10.0

    May 2034

    May
     
    £
     
    350

    $
    439

    5.6%
     
    16.0

    May 2040