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Get filing alertsPrologis prices ¥45B Japanese yen notes across three tranches to refinance credit facility
Filed June 11, 2026 · Period ending June 4, 2026 · ~1 min read
Key Changes
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high
Issued ¥45 billion ($280.6M) in senior unsecured notes across three tranches: ¥32.6B due 2030 at 2.527%, ¥3.5B due 2035 at 3.389%, and ¥8.9B due 2041 at 3.905%, all guaranteed by the Operating Partnership.
Item 8.01 verify on EDGAR → -
medium
Net proceeds of ¥44.7B will repay borrowings under the Japanese yen revolving credit facility and fund general corporate purposes, refinancing short-term debt with longer-term fixed-rate notes.
Item 8.01 verify on EDGAR → -
low
Notes include optional redemption at par starting one to three months before maturity, plus redemption rights upon certain U.S. tax law changes.
Item 8.01 verify on EDGAR →
Summary
Prologis completed a ¥45 billion ($280.6 million) debt offering in the Japanese capital markets, issuing senior unsecured notes across three tranches with maturities ranging from 2030 to 2041. The notes carry fixed interest rates between 2.527% and 3.905% and are fully guaranteed by the Operating Partnership. The company will use the proceeds to repay existing borrowings under its Japanese yen revolving credit facility and for general corporate purposes.
This is a routine refinancing transaction that extends Prologis's debt maturity profile by replacing short-term revolving credit with longer-term fixed-rate notes. The multi-tranche structure allows the company to lock in relatively low fixed rates across different maturities in the Japanese market. For retail holders, this represents standard treasury management with no immediate operational or strategic implications—the company is managing its capital structure and diversifying its funding sources across geographies.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
On or after November 13, 2030 for the 2030 Notes (one month prior to the maturity date), September 13, 2035 for the 2035 Notes (three months prior to the maturity date), and September 13, 2041 for the 2041 Notes (three months prior to the maturity date), such series of Notes will be redeemable in whole or in part, at the Issuer’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 notes include optional redemption provisions allowing Prologis to redeem the notes at par (100% of principal) plus accrued interest starting one to three months before maturity. Additionally, the company may redeem the notes in whole upon certain U.S. tax law changes at par plus accrued interest.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 1, 2026 · How we verify