Prologis, L.P. priced an offering of C$700,000,000 aggregate principal amount of 3.600% senior unsecured notes due February 15, 2032. Closing is expected on October 27, 2025. The notes were sold to underwriters Scotia Capital Inc. and TD Securities Inc. under an effective shelf registration.
Net proceeds are estimated at approximately C$693.6 million, which the company intends to use for general corporate purposes, including repayment of borrowings under global lines of credit, a Canadian dollar secured mortgage loan and possibly other debt. The notes are redeemable at the issuer’s option at the greater of par or a make-whole amount before December 15, 2031, and at par on or after that date. The indenture includes customary limitations on additional indebtedness and certain mergers or asset sales.
Prologis (PLD): A holder filed a Form 144 notice to sell up to 80,000 shares of common stock, with an aggregate market value of $10,114,400. The filing lists Goldman Sachs & Co. LLC as broker, with an approximate sale date of 10/24/2025 on the NYSE. The shares were acquired from the issuer in a private transaction on 10/23/2025. Shares outstanding were 926,175,000, stated as a baseline figure as of the filing.
Prologis (PLD): Director equity conversion reported. On 10/23/2025, a director reported acquiring 80,000 shares of common stock at $0.00, reflecting the conversion and redemption of Prologis limited partnership “Common Units” into common stock. Following the transaction, 80,000 shares were held directly, and 4,234 shares were held indirectly by the Linda P. Connor Declaration of Trust dated 6/30/05.
Derivative holdings include Dividend Equivalent Units under the Nonqualified Deferred Compensation Plan, with 6,462.313 units shown; DEUs accrue at the Prologis dividend rate and are paid as one share per unit alongside related Deferred Stock Units, per plan terms.
Prologis, Inc. announced that Lori Palazzolo will retire as Chief Accounting Officer effective April 1, 2026 and will serve thereafter as a senior advisor to help with the transition. The company named Trisha Burns, age 44, as Chief Accounting Officer effective the same date. Ms. Burns has served as Senior Vice President, Global Accounting and Financial Reporting since January 1, 2025 and previously held roles at Prologis since 2010, including Senior Vice President, Corporate Accounting and Reporting from July 2018 to January 2025. The filing is an 8-K disclosing these officer changes and includes customary signatures from the company’s Chief Legal Officer.