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Prologis Announces At-The-Market Equity Offering Program

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Prologis, Inc. (NYSE: PLD) ("Prologis"), the leading global owner, operator and developer of industrial real estate, today announced that it established an "at-the-market" equity offering program pursuant to which it may from time to time sell up to $750 million aggregate offering price of its common stock depending on market conditions and its capital needs. The shares will be offered from time to time through BofA Merrill Lynch and Citigroup Global Markets Inc., as managers. Sales of shares of common stock of Prologis, if any, will be made by means of ordinary brokers' transactions on the New York Stock Exchange or otherwise at market prices, in block transactions, or as otherwise agreed with the managers and will be made by only one manager on any given day. Prologis intends to use the net proceeds from the sales of such shares for general corporate purposes, which may include the repayment of indebtedness and the funding of acquisitions and investments.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the common stock in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

The shares of common stock will be offered under the Company's existing shelf registration statement. A copy of the prospectus supplement and prospectus relating to these securities may be obtained by contacting BofA Merrill Lynch, 222 Broadway, New York, NY 10038, Attn: Prospectus Department, or via email at dg.prospectus_requests@baml.com, or Citigroup Global Markets Inc. c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, via telephone at 1-800-831-9146 or via email at batprospectusdept@citi.com.

Posted-In: News Offerings Press Releases

 

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