PLD International Finance LLC Announces Fixed Price Cash Tender Offer to Holders of Any and All of Its Outstanding 4.375 Percent
November 03 2009 - 3:00AM
PR Newswire (US)
ISIN: XS0188947690 Common Code: 018894769 LUXEMBOURG, Nov. 3
/PRNewswire-FirstCall/ -- PLD International Finance LLC (the
"Issuer"), a wholly owned indirect subsidiary of ProLogis
(NYSE:PLD), today announced the commencement of a cash tender offer
for any and all of the Notes. There is currently euro 252,350,000
aggregate principal amount of the Notes outstanding. The Offer is
made to holders of the Notes on the terms of and subject to the
conditions set forth in the Offer to Purchase dated 3 November
2009. The amount payable for each euro 50,000 in principal amount
of Notes validly tendered and accepted by the Issuer will be euro
50,500, plus accrued and unpaid interest on the Notes from the last
interest payment date to but excluding the date of payment of the
purchase price on those Notes that are accepted for purchase by the
Issuer pursuant to the Offer. The Settlement Date is expected to be
16 November 2009 (subject to the right of the Issuer to extend,
re-open, amend and/or terminate the Offer). The Offer will expire
at 5.00 p.m. (CET) on 12 November 2009, unless extended or earlier
terminated as provided in the Offer to Purchase (such date, as
extended or earlier terminated, the "Expiration Date"). Holders of
the Notes who wish to participate in the Offer must validly tender,
and not validly withdraw, their Notes on or prior to the Expiration
Date. Tenders of the Notes may be withdrawn at any time prior to
5.00 p.m. (CET) on the Expiration Date, but not thereafter. Subject
to applicable law and as provided in the Offer to Purchase, the
Issuer may, in its sole discretion, extend, re-open, amend, waive
any condition of or terminate the Offer at any time. The Issuer's
obligation to accept for purchase and to pay for Notes validly
tendered and not validly withdrawn pursuant to the Offer is
conditional upon satisfaction of certain conditions described in
the Offer to Purchase (which the Issuer may, in its sole
discretion, waive at any time). The Issuer has engaged Deutsche
Bank AG, London Branch to act as the sole Dealer Manager for the
Offer, and Lucid Issuer Services Limited as Tender Agent. Holders
of the Notes should address questions and requests for assistance
in connection with the Offer to Deutsche Bank AG, London Branch,
attn: Liability Management Group, tel: +44 (0) 20 7545 8011,
e-mail: . Holders of the Notes should address questions and
requests for assistance in connection with the delivery of valid
electronic tender and blocking instructions to Lucid Issuer
Services Limited, attn: Sunjeeve Patel/Yves Theis, tel: +44 (0) 20
7704 0880, fax: +44 (0) 20 7067 9098, e-mail: . This press release
is for informational purposes only and neither this press release
nor the Offer to Purchase constitutes an offer to buy or a
solicitation of an offer to sell any Notes. The solicitation to
sell or buy the Notes is only being made to holders of the Notes
pursuant to the restrictions contained in, and the terms and
conditions of, the Offer to Purchase. The Offer is not being made
in any jurisdiction in which such offer or solicitation is
unlawful. The Offer, the distribution of the Offer to Purchase and
any other materials in relation to the Offer (including this press
release) in certain jurisdictions may be restricted by law and are
subject to the "Offer and Distribution Restrictions" of the Offer
to Purchase. None of the Issuer, the Guarantor, the Dealer Manager
or the Tender Agent makes any recommendation as to whether holders
of Notes should tender Notes for purchase by the Issuer. About PLD
International Finance LLC and ProLogis PLD International Finance
LLC is a wholly owned, indirect subsidiary of ProLogis and its
activities include the incorporation of, the participation in and
the financing of companies and the lending of funds to group
companies and borrowing funds from third parties and from ProLogis.
ProLogis is a U.S. real estate investment trust organised under the
laws of the State of Maryland and is a leading global provider of
industrial distribution facilities, with operations in 18 countries
across North America, Europe and Asia. At September 30, 2009,
ProLogis had more than 475 million square feet of industrial space
(44 million square meters) serving more than 4,500 customers,
including manufacturers, retailers, transportation companies,
third-party logistics providers and other enterprises with
large-scale distribution needs. For additional information about
the company, go to http://www.prologis.com/. DATASOURCE: ProLogis
CONTACT: Krista Shepard of ProLogis, +1-303-567-5907, Web Site:
http://www.prologis.com/
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