Prologis (PLD) prices $2.2 billion bond offering.
Prologis announced today that it had priced a $2.2 billion offering of senior unsecured notes. Proceeds will be used to fund the redemption of debt assumed in the Liberty Property Trust merger, which is expected to close this month. The PLD bond offering is comprised of three series of notes including:
- $500 million 2.125% senior unsecured notes due 2027 (+70 bp).
- $1.0 billion2.250% senior unsecured notes due 2030 (+80 bp).
- $700 million 3.000% senior unsecured notes due 2050 (+105 bp)