SAN FRANCISCO, March 1, 2018 /PRNewswire/ -- Prologis, Inc.
("Prologis") (NYSE: PLD) announced today that Prologis
International Funding II S.A. (the "Issuer" and wholly-owned
subsidiary of Prologis European Logistics Fund, FCP-FIS ("PELF")),
has priced an issuance of EUR 300
million aggregate principal amount of green bonds due 2028,
which have an annual rate of interest of 1.750% and an issue price
of 99.059% of the principal amount (the "Notes"). The Notes
are to be issued pursuant to the EUR
5,000,000,000 Guaranteed Euro Medium Term Note Programme
(the "Programme") of the Issuer and are expected to be rated at
issuance A3 by Moody's Investors Service Ltd. and A- by Standard
& Poor's Credit Markets Services Limited. The Notes will
constitute direct, senior, unconditional and unsecured obligations
of the Issuer and will be unconditionally and irrevocably
guaranteed by PELF. The settlement date of the issuance of
the Notes is expected to be on or around March 15, 2018, subject to customary closing
conditions precedent. The Notes will be listed on the Euro MTF
market of the Luxembourg Stock Exchange and displayed on the
Luxembourg Green Exchange.
PELF intends to allocate an amount equal to the net proceeds of
the Notes to the Eligible Green Project Portfolio (as defined in
the Prologis Green Bond Framework, which is available on the
website of PELF at www.pepfii.com) within the applicable asset
portfolio of PELF or any of its affiliates. Pending such
allocation, the net proceeds of the Notes will be on-lent by the
Issuer to PELF or other entities within the PELF Group for the
early repayment in full of the Issuer's EUR
300,000,000 2.750% Guaranteed Notes due 2018, in respect of
which the Issuer exercised its call option on February 21, 2018, and for the repayment of other
indebtedness and for other capital management activities. A copy of
the base prospectus relating to the Programme and the drawdown
prospectus relating to the Notes is, or will be, available on the
website of the Luxembourg Stock Exchange.
"The pricing of PELF's inaugural green bond today furthers our
commitment to sustainability and to supporting projects which
benefit our customers and the communities in which we work and
live," said Thomas S. Olinger, chief
financial officer, Prologis. "We look forward to investing further
in sustainable initiatives on behalf of all Prologis entities, and
are pleased to have established this important relationship with
the green investment community."
DISCLAIMER
MiFID II professionals/ECPs-only – Manufacturer target market
(MiFID II product governance) is eligible counterparties and
professional investors only (all distribution channels). No PRIIPs
key information document (KID) has been prepared as the Notes are
not available to retail in the EEA.
This announcement may be provided only to persons who are not
U.S. Persons (as defined in Regulation S under the Securities Act
of 1933, as amended (the "Securities Act")) and are located outside
the United States. This
announcement may not be distributed, taken or transmitted in or
into the United States, its
territories or possessions, it may not be distributed, taken or
transmitted in any other jurisdiction in which to do so would be
unlawful and any forwarding, distribution or reproduction of this
announcement in whole or in part is unauthorised. Failure to comply
with this notice may result in a violation of the Securities Act,
or the applicable laws of other jurisdictions.
This communication is being distributed to, and is directed only
at, persons in the United Kingdom
in circumstances where section 21(1) of the Financial Services and
Markets Act 2000 does not apply (such persons being referred to as
"relevant persons"). Any person who is not a relevant person should
not act or rely on this communication or any of its contents. Any
investment activity (including, but not limited to, any invitation,
offer or agreement to subscribe, purchase or otherwise acquire
securities) to which this communication relates will only be
available to, and will only be engaged with, persons who fall
within the manufacturer target market.
This communication is an advertisement and is not a prospectus
for the purposes of Directive 2003/71/EC, as amended (such
directive, the "Prospectus Directive") and/or Part IV of the
Financial Services and Markets Act 2000. A prospectus will be
prepared for the purpose of listing the Notes on the Euro MTF
market of the Luxembourg Stock Exchange. Investors should not
subscribe for any securities referred to in this communication
except on the basis of information contained in the prospectus and
subject to compliance with the offer and distribution restrictions
therein. Investors may obtain a copy of the prospectus, when
published, on the website of the Luxembourg Stock Exchange.
Without prejudice to any of the selling restrictions set out in
the prospectus, any holder of notes, at any time, shall be a
well-informed investor within the meaning of Article 2 of the
Luxembourg Law of 13 February 2007 on
specialised investment funds, as amended. Any holder of notes will
be deemed to have adhered to the status of well-informed investor
within the meaning of the law of 13 February
2007 on specialised investment funds, as amended.
A rating is not a recommendation to buy, sell or hold securities
and may be subject to revision, suspension or withdrawal at any
time by the assigning rating organisation.
Stabilisation in respect of the Notes may be conducted in
accordance with FCA and ICMA Rules.
ABOUT PROLOGIS
Prologis, Inc. is the global leader in
logistics real estate with a focus on high-barrier, high-growth
markets. As of December 31, 2017, the
company owned or had investments in, on a wholly owned basis or
through co-investment ventures, properties and development projects
expected to total approximately 684 million square feet (64 million
square meters) in 19 countries. Prologis leases modern distribution
facilities to a diverse base of approximately 5,000 customers
across two major categories: business-to-business and retail/online
fulfillment.
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 we operate as well as management's beliefs and
assumptions. Such statements involve uncertainties that could
significantly impact our financial results. Words such as
"expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates" and 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, capital structure 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, tax structuring and income tax
rates (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, 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 us under the
heading "Risk Factors." We undertake no duty to update any
forward-looking statements appearing in this document.
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SOURCE Prologis