Company: PLDGP
Filing Date: 2025-10-27
Form Type: 8-K
Source: 0001104659-25-102272
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Company: Prologis, Inc.
Filing Date: 2025-10-27
Form: 8-K
Item: Item 8.01
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Item 8.01 Other Events.

On October 20, 2025, the Operating Partnership
priced an offering of C$700,000,000 aggregate principal amount of its 3.600% Notes due 2032 (the “ Notes”). In connection with
the offering, the Operating Partnership entered into an Underwriting Agreement, dated October 20, 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”)
and an Officers’ Certificate, dated October 27, 2025, establishing the term of the Notes, a copy of which has been filed as an exhibit
to this Current Report and is incorporated herein by reference.

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$693.6 million. The Operating Partnership intends to use the net proceeds of the offeringfor
general corporate purposes, which may include the repayment of borrowings under its global lines of credit, a Canadian dollar secured
mortgage loan and possibly other debt.

The Notes will bear interest at a rate
of3.600% per annum and mature on February 15,2032.
The Notes will be senior unsecured obligations of the Operating Partnership.

At any time prior to December 15, 2031 (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