Welcome to our dedicated page for Prologis news (Ticker: PLD), a resource for investors and traders seeking the latest updates and insights on Prologis stock.
Prologis, Inc. operates as a global logistics real estate REIT with industrial and distribution facilities, build-to-suit development activity, and a Strategic Capital asset management business for institutional partners. Company news commonly covers leasing trends, Core FFO and earnings results, development starts, customer demand across logistics markets, and expansion of adjacent infrastructure such as data center, solar and energy storage portfolios.
Recurring updates also include dividends on common stock and Series Q preferred stock, Strategic Capital joint ventures, capital allocation commentary, management presentations, and market outlook commentary tied to logistics real estate and supply-chain infrastructure.
Prologis (NYSE: PLD) announced the results of its cash Tender Offer for up to €350 million in specified debt securities as of June 26, 2020. €313,084,000 in notes was validly tendered before the Early Tender Time. The early settlement, anticipated for June 30, 2020, will see holders receiving €1,040 or €1,110 per €1,000 of the 2022 and 2024 notes, respectively. The Tender Offer is scheduled to expire on July 14, 2020, with certain conditions already satisfied. Prologis is not soliciting consents from note holders.
Prologis has initiated a cash tender offer for up to €350 million of certain outstanding debt securities. This includes a sub-limit of €100 million for 2024 Notes due February 2024. The tender offer will expire on July 14, 2020, with early tender by June 26, 2020, offering a total consideration of €1,040 for 2022 Notes and €1,110 for 2024 Notes, including early tender payments. The offer is subject to certain conditions and will prioritize acceptance based on specified levels. Detailed terms are outlined in the Offer to Purchase.