Loan & DebtJun 11, 2026, 06:07 AM
Prologis Prices ¥45.0B ($280.6M) Yen Notes Offering
AI Summary
Prologis Yen Finance LLC, a subsidiary of Prologis, L.P., priced an offering of ¥45.0 billion (approximately $280.6 million) in senior unsecured notes across three tranches. The notes include 2.527% notes due 2030, 3.389% notes due 2035, and 3.905% notes due 2041. The net proceeds, estimated at ¥44.7 billion, will be used to repay existing Japanese yen revolving credit and for general corporate purposes. The offering is expected to close on June 11, 2026.
Key Highlights
- Prologis Yen Finance LLC priced ¥45.0 billion in senior unsecured notes.
- The offering includes ¥32.6 billion of 2.527% notes due 2030.
- It also includes ¥3.5 billion of 3.389% notes due 2035.
- And ¥8.9 billion of 3.905% notes due 2041.
- Net proceeds are estimated at ¥44.7 billion, or $280.6 million.
- Proceeds will repay Japanese yen revolving credit and for general corporate purposes.
- Notes are fully and unconditionally guaranteed by Prologis, L.P.
Price Impact
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