Prologis announces redemption of 3.00% Notes due 2026
Prologis (NYSE: PLD) announced that Prologis, L.P. will redeem all outstanding 3.00% Notes due June 2, 2026 (CUSIP 74340XBB6; ISIN XS1072516690; Common Code 107251669).
Sentiment and the balance of points
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Rhea-AI Summary
Prologis (NYSE: PLD) announced that Prologis, L.P. will redeem all outstanding 3.00% Notes due June 2, 2026 (CUSIP 74340XBB6; ISIN XS1072516690; Common Code 107251669). The notes will be redeemed on January 9, 2026, after which they will be delisted from the New York Stock Exchange.
The estimated redemption price is 102.1% of principal, equal to approximately €1,021 per €1,000 outstanding (including accrued interest estimated using a current German government bond rate). Interest on the principal will cease to accrue on and after the redemption date.
Positive
- Redemption of all outstanding 3.00% Notes due June 2, 2026
- Estimated redemption price at 102.1% of principal
- Aggregate payment approximately €1,021 per €1,000 outstanding
Negative
- Notes will be delisted from the New York Stock Exchange
- Interest on the principal ceases to accrue on January 9, 2026
Details
News Market Reaction – PLD
The recorded move for PLD in the trading session of this news was -1.02%.
Data tracked by StockTitan Argus. Session date unavailable.
Key Figures
- Coupon rate
- 3.00%
- Notes due June 2, 2026 being redeemed
- Redemption price
- 102.1% of principal
- Price per principal amount of 3.00% Notes
- Aggregate payment per bond
- €1,021 per €1,000
- Estimated total payment per €1,000 principal on redemption
- Maturity date
- June 2, 2026
- Original due date of 3.00% Notes
- Redemption date
- January 9, 2026
- Date when notes will be redeemed and interest stops
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24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
cusip number financial
isin financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
ABOUT PROLOGIS
The world runs on logistics. At Prologis, we don't just lead the industry, we define it. We create the intelligent infrastructure that powers global commerce, seamlessly connecting the digital and physical worlds. From agile supply chains to clean energy solutions, our ecosystems help your business move faster, operate smarter and grow sustainably. With unmatched scale, innovation and expertise, Prologis is a category of one–not just shaping the future of logistics but building what comes next. Learn more at Prologis.com.
FORWARD-LOOKING STATEMENTS
The statements in this document that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on current expectations, estimates and projections about the industry and markets in which we operate as well as management's beliefs and assumptions. Such statements involve uncertainties that could significantly impact our financial results. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "aims," and "estimates" including variations of such words and similar expressions are intended to identify such forward-looking statements, which generally are not historical in nature. All statements that address performance, events or developments that we expect or anticipate will occur in the future—including statements relating to the expected redemption price and the delisting of the bonds—are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be attained and, therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the factors that may affect outcomes and results include, but are not limited to: (i) international, national, regional and local economic and political climates and conditions; (ii) changes in global financial markets, interest rates and foreign currency exchange rates; (iii) increased or unanticipated competition for our properties; (iv) risks associated with acquisitions, dispositions and development of properties, including the integration of the operations of significant real estate portfolios; (v) maintenance of Real Estate Investment Trust status, tax structuring and changes in income tax laws and rates; (vi) availability of financing and capital, the levels of debt that we maintain and our credit ratings; (vii) risks related to our investments in our co-investment ventures, including our ability to establish new co-investment ventures; (viii) risks of doing business internationally, including currency risks; (ix) environmental uncertainties, including risks of natural disasters; (x) risks related to global pandemics; and (xi) those additional factors discussed in reports filed with the Securities and Exchange Commission by us under the heading "Risk Factors." We undertake no duty to update any forward-looking statements appearing in this document except as may be required by law.
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SOURCE Prologis, Inc.
FAQ
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