SAN FRANCISCO, Nov. 25, 2015 /PRNewswire/ -- Prologis, Inc.
(NYSE: PLD) announced today the expiration and final results of the
previously announced cash tender offer (the "Tender Offer") by its
operating subsidiary, Prologis, L.P. ("Prologis") and its indirect
wholly owned subsidiary, Prologis (the "Trust"), to purchase the
series of notes listed in the table below (the "Notes") in
connection with the Tender Offer for the maximum aggregate
principal amount of the Notes that it can purchase for $300 million, including accrued but unpaid
interest ("Accrued Interest") but excluding fees and expenses (the
"Maximum Tender Amount"). As of 11:59
pm, New York City (NYC)
time, on November 24, 2015 (the
"Tender Expiration Time"), the aggregate principal amount of the
Notes validly tendered and not validly withdrawn was approximately
$246 million, as reported by the
depositary. The table below sets forth the aggregate principal
amount of each series of the Notes that was validly tendered and
not validly withdrawn at or prior to the Tender Expiration Time, as
reported by the depositary, as well as the approximate aggregate
principal amount of each series of the Notes accepted by Prologis
for purchase.
CUSIP
Number
|
Title of
Security
|
Principal Amount
Outstanding
|
Aggregate
Principal Amount Tendered
|
Principal Amount
Accepted for Purchase
|
Aggregate
Consideration Paid Before Accrued Interest
|
74340X AU5
|
Prologis, L.P. 6.875%
Notes due March 15, 2020
|
$269,939,000.00
|
$166,127,000.00
|
$166,127,000.00
|
$192,777,093.34
|
743410 AW2
|
Trust 6.875% Notes
due March 15, 2020
|
$13,699,000.00
|
$4,321,000.00
|
$4,321,000.00
|
$5,013,784.82
|
74340X AN1
|
Prologis, L.P. 7.375%
Notes due October 30, 2019
|
$161,388,000.00
|
$51,009,000.00
|
$51,009,000.00
|
$59,995,975.71
|
743410 AV4
|
Trust 7.375% Notes
due October 30, 2019
|
$9,266,000.00
|
$878,000.00
|
$878,000.00
|
$1,030,894.82
|
00163M AK0
|
Prologis, L.P. 6.625%
Notes due December 1, 2019
|
$122,812,000.00
|
$23,285,000.00
|
$23,285,000.00
|
$26,763,779.00
|
The Tender Offer was made pursuant to the Offer to Purchase,
dated October 27, 2015 (the "Offer to
Purchase") and the related Letter of Transmittal.
The amount of each series of the Notes that was accepted for
purchase in the Tender Offer was based on the Maximum Tender
Amount. The aggregate consideration for the Notes accepted
for purchase is expected to be approximately $289 million, including Accrued Interest.
The Dealer Managers for the Tender Offer are Goldman, Sachs
& Co. and J.P. Morgan. Questions regarding the Tender
Offer may be directed to Goldman Sachs at 800-828-3182 (toll-free)
or 212-357-1039 (collect); or J.P. Morgan at 866-834-4666
(toll-free) or (212) 834-3424 (collect). The complete terms
and conditions of the Tender Offer are set forth in the Offer to
Purchase and the Letter of Transmittal, copies of which may be
obtained from Global Bondholder Services Corporation, the
Information Agent for the Offer, by calling 866-470-4200
(toll-free) or 212-430-3774 (collect).
ABOUT PROLOGIS
Prologis, Inc. is the global leader in
industrial real estate. As of September 30,
2015, Prologis owned or had investments in, on a wholly
owned basis or through co-investment ventures, properties and
development projects expected to total approximately 671 million
square feet (62 million square meters) in 21 countries. The company
leases modern distribution facilities to more than 5,200 customers,
including third-party logistics providers, transportation
companies, retailers and manufacturers.
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 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 document.
Logo - http://photos.prnewswire.com/prnh/20141120/159840LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/prologis-announces-expiration-and-final-results-of-tender-offer-300184380.html
SOURCE Prologis, Inc.