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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/01/22 Prologis, Inc. 8-K:2,8,9 11/17/22 20:1M Toppan Merrill/FA Prologis, L.P. |
Document/Exhibit Description Pages Size 1: 8-K Current Report HTML 63K 2: EX-1.1 Underwriting Agreement or Conflict Minerals Report HTML 296K 3: EX-4.1 Instrument Defining the Rights of Security Holders HTML 38K 4: EX-4.2 Instrument Defining the Rights of Security Holders HTML 58K 5: EX-4.3 Instrument Defining the Rights of Security Holders HTML 38K 6: EX-4.4 Instrument Defining the Rights of Security Holders HTML 55K 7: EX-4.5 Instrument Defining the Rights of Security Holders HTML 38K 8: EX-4.6 Instrument Defining the Rights of Security Holders HTML 57K 9: EX-5.1 Opinion of Counsel re: Legality HTML 18K 10: EX-5.2 Opinion of Counsel re: Legality HTML 14K 15: R1 Cover HTML 63K 18: XML IDEA XML File -- Filing Summary XML 17K 16: XML XBRL Instance -- tm2231555d1_8k_htm XML 33K 17: EXCEL IDEA Workbook of Financial Reports XLSX 9K 12: EX-101.DEF XBRL Definitions -- pld-20221117_def XML 80K 13: EX-101.LAB XBRL Labels -- pld-20221117_lab XML 109K 14: EX-101.PRE XBRL Presentations -- pld-20221117_pre XML 76K 11: EX-101.SCH XBRL Schema -- pld-20221117 XSD 17K 19: JSON XBRL Instance as JSON Data -- MetaLinks 28± 38K 20: ZIP XBRL Zipped Folder -- 0001104659-22-123646-xbrl Zip 174K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): i November 17, 2022
(Exact name of registrant as specified in charter)
| i Maryland (Prologis, Inc.) | i 001-13545 (Prologis, Inc.) | i 94-3281941 (Prologis, Inc.) | ||
| i Delaware (Prologis, L.P.) | i 001-14245 (Prologis, L.P.) | i 94-3285362 (Prologis, L.P.) | ||
| (State
or other jurisdiction of Incorporation) |
(Commission File Number) | (I.R.S.
Employer Identification No.) |
| i Pier 1, i Bay 1, i San Francisco, i California | i 94111 | |
| (Address of Principal Executive Offices) | (Zip Code) |
Registrants’ Telephone Number, including Area Code: ( i 415) i 394-9000
N/A
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||
| Prologis, Inc. | i Common Stock, $0.01 par value | i PLD | i New York Stock Exchange | |||
| Prologis, L.P. | i 3.000% Notes due 2026 | i PLD/26 | i New York Stock Exchange | |||
| Prologis, L.P. | i 2.250% Notes due 2029 | i PLD/29 | i New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
| Co-Registrant CIK | 0001045610 |
| Co-Registrant Amendment Flag | false |
| Co-Registrant Form Type | 8-K |
| Co-Registrant DocumentPeriodEndDate | 2022-11-17 |
| Co-Registrant Written Communications | false |
| Co-Registrant Solicitating Materials | false |
| Co-Registrant PreCommencement Tender Offer | false |
| Co-Registrant PreCommencement Issuer Tender Offer | false |
| Co-Registrant Entity Emerging Growth Company | false |
| Co-Registrant AddressLine1 | Pier 1 |
| Co-Registrant AddressLine2 | Bay 1 |
| Co-Registrant City | San Francisco |
| Co-Registrant State | California |
| Co-Registrant ZipCode | 94111 |
| Co-Registrant CityAreaCode | 415 |
| Co-Registrant LocalPhoneNumber | 394-9000 |
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
Prologis, L.P. (the “Operating Partnership”) expects that Prologis Yen Finance LLC (the “Company”) will close the issuance and sale of the Notes (defined below) on December 1, 2022. The information under Item 8.01 is incorporated herein by reference.
Item 8.01 Other Events.
On November 17, 2022 the Company priced an offering of (i) ¥1,600,000,000 aggregate principal amount of its 1.003% Notes due 2027 (the “2027 Notes”), (ii) ¥2,800,000,000 aggregate principal amount of its 1.323% Notes due 2029 (the “2029 Notes”) and (iii) ¥19,800,000,000 aggregate principal amount of its 1.903% Notes due 2037 (the “2037 Notes” and, collectively with the 2027 Notes and the 2029 Notes, the “Notes”). In connection with the offering, the Company and the Operating Partnership entered into an Underwriting Agreement, dated November 17, 2022 (the “Underwriting Agreement”), with Mizuho Securities USA LLC, MUFG Securities EMEA plc and SMBC Nikko Securities America, Inc. (the “Underwriters”), pursuant to which the Company agreed to sell and the Underwriters agreed to purchase the Notes, subject to and upon the terms and conditions set forth therein. A copy of the Underwriting Agreement has been filed as an exhibit to this Current Report and is incorporated herein by reference.
The Notes are being issued under an indenture, dated September 25, 2018 (the “Base Indenture”), among the Company, the Operating Partnership and U.S. Bank Trust Company, National Association, as successor in interest to U.S. Bank National Association, as trustee, as supplemented by a first supplemental indenture, dated September 25, 2018 (the Base Indenture, as supplemented by the first supplemental indenture, the “Indenture”).
The net proceeds to the Company from the sale of the Notes, after the Underwriter’s discount and offering expenses, are estimated to be approximately ¥23.9 billion, or $168.9 million, based on the yen/U.S. dollar rate of exchange as of November 10, 2022. The Company intends to lend or distribute the net proceeds from the offering of the Notes to the Operating Partnership, who intends to use the amounts received for general corporate purposes, including to repay or repurchase indebtedness or manage other capital needs. In the short term, the Operating Partnership may also use the amounts received to repay borrowings under its Japanese yen revolving credit agreement.
The 2027 Notes will bear interest at the rate of 1.003% per annum and mature on December 1, 2027. The 2029 Notes will bear interest at the rate of 1.323% per annum and mature on November 30, 2029. The 2037 Notes will bear interest at the rate of 1.903% per annum and mature on December 1, 2037. The Notes will be senior unsecured obligations of the Company and will be fully and unconditionally guaranteed by the Operating Partnership.
On or after November 1, 2027 for the 2027 Notes (one month prior to the maturity date), September 30, 2029 for the 2029 Notes (two months prior to the maturity date), and September 1, 2037 for the 2037 Notes (three months prior to the maturity date), such series of Notes will be redeemable in whole or in part, at the Company’s option, at a redemption price equal to 100% of the principal amount of the series of Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but not including, the redemption date.
The Company may also redeem the Notes in whole, but not in part, in the event of certain developments affecting tax law in the United States (or any taxing authority thereof or therein) at a redemption price equal to 100% of the principal amount of the applicable series of Notes to be redeemed, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but excluding, the redemption date.
The Indenture governing the Notes restricts, among other things, the Operating Partnership’s and its subsidiaries ability to incur additional indebtedness and to merge or consolidate with any other person or sell, assign, transfer, lease, convey or otherwise dispose of substantially all of its assets.
The Notes are being issued pursuant to the Registration Statement (File No. 333-267431) that the Company and the Operating Partnership filed with the Securities and Exchange Commission (the “SEC”) relating to the public offering from time to time of securities of the Company and the Operating Partnership pursuant to Rule 415 of the Securities Act of 1933, as amended. In connection with filing with the SEC a definitive prospectus supplement, dated November 17, 2022, and base prospectus, dated September 15, 2022, relating to the public offering of the Notes and corresponding guarantees, the Company and the Operating Partnership are filing the Underwriting Agreement with this Current Report as an exhibit to such Registration Statement. See “Item 9.01 – Financial Statements and Exhibits.”
Additionally, attached hereto as exhibit 5.2 is the opinion of Mayer Brown LLP with respect to the registration of the resale certain shares of common stock of Prologis Inc.
C:
This Current Report does not constitute an offer to sell, or a solicitation of an offer to buy, any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following documents have been filed as exhibits to this report and are incorporated by reference herein as described above.
C:
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PROLOGIS, INC. | ||
| Date: December 1, 2022 | By: | /s/ Deborah K. Briones |
|
Name: Deborah K. Briones Title: Managing Director and Deputy General Counsel | ||
|
PROLOGIS, L.P. By: Prologis, Inc., its General Partner | ||
| Date: December 1, 2022 | By: | /s/ Deborah K. Briones |
|
Name: Deborah K. Briones Title: Managing Director and Deputy General Counsel | ||
C:
C:
| This ‘8-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 12/1/37 | ||||
| 9/1/37 | ||||
| 11/30/29 | ||||
| 9/30/29 | ||||
| 12/1/27 | ||||
| 11/1/27 | ||||
| Filed on: | 12/1/22 | |||
| For Period end: | 11/17/22 | FWP | ||
| 9/15/22 | 424B3, 8-K, EFFECT, FWP, S-3ASR | |||
| 9/25/18 | ||||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/13/24 Prologis, Inc. 10-K 12/31/23 139:33M Donnelley … Solutions/FA 2/14/23 Prologis, Inc. 10-K 12/31/22 147:49M ActiveDisclosure/FA 1/25/23 Prologis Euro Finance LLC 424B2 2:1.7M Toppan Merrill/FA 1/23/23 Prologis Euro Finance LLC 424B3 1:1.6M Toppan Merrill/FA |