Company: PLDGP
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0000950170-25-021272
Chunk: 240

Company: Prologis, Inc.
Filing Date: 2025-02-14
Form: 10-K
Item: Item 1
Chunk 240
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        Total term loans

        $
        2,005,746

        $
        2,321,695

       (1)This term loan includes more than one lender commitment each bearing a different interest rate and maturity date.  

81

(2)In May 2022, Refinitive Benchmark Services (UK) Ltd. ("RBSL"), the administrator of the Canadian Dollar Offered Rate ("CDOR") formally announced that it would cease the calculation and publication of all tenors of CDOR effective June 28, 2024. In June 2024, we modified the interest rates on our Canadian term loan from 2022 ("2022 Canadian Term Loan") and our credit facility agreements that bore interest at the CDOR plus a spread over the applicable benchmark to the Canadian Overnight Repo Rate Average ("CORRA"). The modification did not have a material impact on our Consolidated Financial Statements. (3)In February 2024, we extinguished a $500.0 million U.S. dollar term loan.  (4)In July 2024, we extended the maturity of the Chinese renminbi term loan ("2023 Chinese Term Loan") by one year until September 2025. We may extend the maturity for one additional year, subject to the payment of an extension fee. Long-Term Debt Maturities  Scheduled principal payments due on our debt for each year through the period ended December 31, 2029, and thereafter were as follows at December 31, 2024 (in thousands): 

        Unsecured

        Credit Facilities and

        Senior

        Term Loans

        Secured

        Maturity
         
        Commercial Paper

        Notes

        and Other

        Mortgage

        Total

        2025 (1) (2)
         
        $
        -

        $
        31,856

        $
        308,978

        $
        173,389

        $
        514,223

        2026 (3)

        162,632

        1,284,618

        680,700

        45,542

        2,173,492

        2027 (4)

        62,334

        1,898,055

        45,873

        4,156

        2,010,418

        2028

        -

        2,518,708