Prologis sets call premium for 2.75% notes, 7.375% notes, 6.625% notes

By Susanna Moon

Chicago, June 28 – Prologis gave the redemption premium for its 2.75% notes due 2019 and 7.375% notes due 2019 and added the terms of the call for its 6.625% notes due 2019.

The notes will be redeemed on June 30.

The 6.625% notes will be redeemed at a price of par plus a make-whole amount and interest accrued to the redemption date for an aggregate payment of $1,116.28 per $1,000 principal amount, according to a company notice.

The company announced the redemption of the 2.75% notes and 7.375% notes on June 1.

For the $400 million of 2.75% notes, the redemption price will be set using a make-whole formula, and the company will also pay accrued interest. The redemption price will be $1,030.13 per $1,000 principal amount using current Treasury rates.

The 7.375% notes, which have $8,388,000 outstanding under one Cusip and $110,379,000 under a second Cusip, will be redeemed on June 30, also at a price to be set using a make-whole formula plus accrued interest. The aggregate payment will be $1,136.64 per $1,000 principal amount.

US Bank NA (800 934-6802) is the trustee.

San Francisco-based Prologis is an owner, operator and developer of industrial real estate in global and regional markets.

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