SAN FRANCISCO, April 17, 2015 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD), the global leader in industrial real estate, today
announced that Prologis International Funding II S.A. (the
"Issuer"), a wholly owned subsidiary of Prologis European
Properties Fund II ("PEPF II"), issued EUR
300 million in aggregate principal amount of unsecured notes
(the "notes") in the eurobond market.
The notes, due 2025 with a coupon rate of 1.876 percent, are
guaranteed by PEPF II and represent the third issuance of unsecured
notes under the Guaranteed Euro Medium Term Note Programme of the
Issuer. The notes are rated Baa2 with a stable outlook by Moody's
and BBB+ with a stable outlook by S&P.
Net proceeds from the issuance will be used for repayment of
debt, asset acquisitions and general working capital
requirements.
As of March 31, 2015, PEPF II
owned 298 properties covering 70.82 million square feet (6.58
million square meters) across 12 European countries.
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 notes have not been and will not be registered under the
U.S. Securities Act of 1933 (the "Act"), and may not be offered or
sold in the United States without
registration or an applicable exemption from the registration
requirements of the Act.
The statements in this release that are not historical facts are
forward-looking statements within the meaning of Section 27A of the
Act, 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 ("REIT") 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.