Prologis, L.P. Declares Expiration and Last Outcomes of Alternate Presents and Consent Solicitations for Duke Realty Notes


SAN FRANCISCO, Oct. 4, 2022 /PRNewswire/ — Prologis, Inc. (NYSE: PLD) at this time introduced the ultimate outcomes from the gives to change excellent notes (the “Duke Realty Notes”) of the 9 sequence described within the desk under issued by Duke Realty Restricted Partnership (“Duke Realty OP”) for notes in 9 corresponding sequence to be issued by Prologis, L.P. (“Prologis OP”) within the mixture principal quantity of as much as $3.375 billion. As of 5:00 p.m., New York Metropolis time, on October 4, 2022 (the “Last Expiration Date”) and as indicated within the desk under, roughly $3.23 billion mixture principal quantity of the Duke Realty Notes had been validly tendered for change (and never validly withdrawn).

As well as, as of the Last Expiration Date, the circumstances required for the consummation of the change gives had been met. These circumstances included, amongst different issues, (i) receipt of the requisite consents to amend the phrases of the relevant Duke Realty OP indenture governing the Duke Realty Notes and (ii) the consummation of the merger with Duke Realty Company, which closed on October 3, 2022. The next desk reveals the principal quantity of every such sequence tendered by the Last Expiration Date. The settlement date for the change gives is anticipated to happen on or about October 6, 2022.

Collection of Notes Issued by
Duke Realty OP to be Exchanged

CUSIP No.
of Duke Realty Notes

Excellent Principal
Quantity of Tendered
as of Last Expiration
Date

P.c of Mixture
Principal Quantity
Tendered as of the
Last Expiration Date

3.250% Senior Notes due June
30, 2026

26441YAZ0

$358,336,000

95.56 %

3.375% Senior Notes due
December 15, 2027

26441YBA4

$449,764,000

94.69 %

7.250% Senior Notes due June
15, 2028

26441QAC8

$50,000,000

100.00 %

4.000% Senior Notes due
September 15, 2028

26441YBB2

$430,597,000

95.69 %

2.875% Senior Notes due
November 15, 2029

26441YBC0

$364,252,000

91.06 %

1.750% Senior Notes due July 1,
2030

26441YBE6

$326,086,000

93.17 %

1.750% Senior Notes due
February 1, 2031

26441YBF3

$442,273,000

98.28 %

2.250% Senior Notes due January
15, 2032

264414AX1

$486,565,000

97.31 %

3.050% Senior Notes due March
1, 2050

26441YBD8

$322,411,000

99.20 %

The change gives and the solicitation of consents had been made below the phrases and topic to the circumstances set forth in a prospectus, dated September 14, 2022, which varieties part of the registration assertion on Kind S-4 filed by Prologis OP with the Securities and Alternate Fee (the “SEC”) (as amended sometimes, the “Prospectus”), and a associated letter of transmittal and consent that accommodates a extra full description of the phrases and circumstances of the change gives and the solicitation of consents.

TD Securities (USA) LLC and Wells Fargo Securities, LLC served because the seller managers and D.F. King & Co., Inc. served as change agent and knowledge agent for the change gives and consent solicitations.

This press launch shall not represent a suggestion to promote or the solicitation of a suggestion to purchase the securities described herein, nor shall there be any sale of those securities in any state or jurisdiction through which such a suggestion, solicitation or sale could be illegal previous to registration or qualification below the securities legal guidelines of any such jurisdiction. The change gives and solicitation of consents had been made solely via the Prospectus and the associated letter of transmittal and consent.

About Prologis, Inc.

Prologis, Inc. is the worldwide chief in logistics actual property with a deal with high-barrier, high-growth markets. As of June 30, 2022, the corporate owned or had investments in, on a completely owned foundation or via co-investment ventures, properties and growth tasks anticipated to complete roughly 1.0 billion sq. toes (95 million sq. meters) in 19 nations. Prologis leases trendy logistics amenities to a various base of roughly 5,800 clients principally throughout two main classes: business-to-business and retail/on-line success.

Ahead-Wanting Statements

The statements on this doc that aren’t historic info are forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements are based mostly on present expectations, estimates and projections in regards to the trade and markets through which we function in addition to administration’s beliefs and assumptions. Such statements contain uncertainties that would considerably impression our monetary outcomes. Phrases corresponding to “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “could” and “will” together with variations of such phrases and related expressions, are supposed to establish such forward-looking statements, which typically should not historic in nature. All statements that tackle working efficiency, occasions or developments that we anticipate or anticipate will happen sooner or later — together with statements referring to lease and occupancy progress, growth exercise, contribution and disposition exercise, normal circumstances within the geographic areas the place we function, our debt, capital construction and monetary place, our means to type new co-investment ventures and the provision of capital in current or new co-investment ventures — are forward-looking statements. These statements should not ensures of future efficiency and contain sure dangers, uncertainties and assumptions which can be troublesome to foretell. Though we consider the expectations mirrored in any forward-looking statements are based mostly on cheap assumptions, we can provide no assurance that our expectations will likely be attained and, due to this fact, precise outcomes and outcomes could differ materially from what’s expressed or forecasted in such forward-looking statements. Among the elements which will have an effect on outcomes and outcomes embrace, however should not restricted to: (i) nationwide, worldwide, regional and native financial and political climates; (ii) adjustments in world monetary markets, rates of interest and international forex change charges; (iii) elevated or unanticipated competitors for our properties; (iv) dangers related to acquisitions, inclinations and growth of properties; (v) upkeep of actual property funding belief standing, tax structuring and adjustments in revenue tax legal guidelines and charges; (vi) availability of financing and capital, the degrees of debt that we keep and our credit score rankings; (vii) dangers associated to our investments in our co- funding ventures, together with our means to ascertain new co-investment ventures; (viii) dangers of doing enterprise internationally, together with forex dangers; (ix) environmental uncertainties, together with dangers of pure disasters; (x) dangers associated to the present coronavirus pandemic; and (x) these extra elements mentioned in studies filed with the Securities and Alternate Fee by us below the heading “Threat Components.” We undertake no responsibility to replace any forward-looking statements showing on this doc besides as could also be required by legislation.

SOURCE Prologis, Inc.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *