SAN FRANCISCO, Feb. 5, 2015 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD) ("Prologis"), the global leader in industrial real
estate, today announced it has renewed a previously established
at-the-market ("ATM") equity offering program. Prologis may sell up
to $750 million aggregate offering
price of its common stock depending on its view of market
conditions and capital needs.
This renewed ATM equity offering program replaces and supersedes
the program Prologis previously established on June 26, 2013. The $750
million aggregate offering price of the shares of common
stock to be offered under this program includes shares of common
stock that remain unsold under the previous program. The
shares will be offered from time to time through BofA Merrill
Lynch, Citigroup, Goldman, Sachs & Co., J.P. Morgan, Morgan
Stanley and Wells Fargo Securities, as managers. Sales of
shares of common stock of Prologis, if any, will be made by means
of ordinary broker transactions on the New York Stock Exchange or
otherwise at market prices, in block transactions, or as otherwise
agreed with the managers, and will be made by only one manager on
any given day. Prologis intends to use the net proceeds from
the sales of such shares for general corporate purposes, which may
include debt repayment and funding for acquisitions, development
and investments.
This announcement is not an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of the common stock in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Any issuance of shares of common stock will be offered under the
company's existing shelf registration statement. A copy of
the prospectus supplement and prospectus relating to these
securities may be obtained by contacting BofA Merrill Lynch, 222
Broadway, New York, NY 10038,
Attn: Prospectus Department, or via email at
dg.prospectus_requests@baml.com; Citigroup Global Markets Inc. c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, NY 11717, via telephone
at 1-800-831-9146 or via email at batprospectusdept@citi.com;
Goldman, Sachs & Co., Prospectus Department, 200 West Street,
New York, NY 10282, telephone:
1-866-471-2526, facsimile: 212-902-9316 or by emailing
prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC,
Attention: Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717,
telephone 1-866-803-9204; Morgan Stanley & Co. LLC, 180 Varick
Street, 2nd Floor, New York, NY
10014, Attn: Prospectus Department; or Wells Fargo Securities, LLC,
375 Park Avenue, New York, New
York 10152, Attention: Equity Syndicate Department at
(800) 326-5897 or email a request to
cmclientsupport@wellsfargo.com.
About Prologis
Prologis, Inc., is the global leader in industrial real estate.
As of December 31, 2014, Prologis
owned or had investments in, on a wholly owned basis or through
co-investment ventures, properties and development projects
expected to total approximately 590 million square feet (55 million
square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,700 customers, including
third-party logistics providers, transportation companies,
retailers and manufacturers.
The statements in this release 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 Prologis
operates, management's beliefs and assumptions made by management.
Such statements involve uncertainties that could significantly
impact Prologis' financial results. Words such as "expects,"
"anticipates," "intends," "plans," "believes," "seeks,"
"estimates," 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
operating performance, events or developments that we expect or
anticipate will occur in the future — including statements relating
to rent and occupancy growth, development activity and changes in
sales or contribution volume of properties, disposition activity,
general conditions in the geographic areas where we operate, our
debt and financial position, our ability to form new co-investment
ventures and the availability of capital in existing or new
co-investment ventures — 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) national, international, regional and
local economic climates, (ii) changes in 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, (v) maintenance of real estate investment trust status
and tax structuring, (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 and
funds, including our ability to establish new co-investment
ventures and funds, (viii) risks of doing business internationally,
including currency risks, (ix) environmental uncertainties,
including risks of natural disasters, and (x) those additional
factors discussed in reports filed with the Securities and Exchange
Commission by Prologis under the heading "Risk Factors." Prologis
undertakes no duty to update any forward-looking statements
appearing in this release.
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SOURCE Prologis, Inc.