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AMB Property Says $4.37B Of Prologis Notes Tendered

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AMB Property Corporation (NYSE: AMB) and ProLogis (NYSE: PLD) today announced interim results from the offers to exchange all outstanding notes of the series described in the table below issued by ProLogis (the "ProLogis Notes") for corresponding series of notes to be issued by AMB's operating partnership, AMB Property, L.P. ("AMB LP") and guaranteed by AMB (the "AMB LP Notes"). As of 5:00 p.m., New York City time, on May 16, 2011 (the "Early Consent Date"), and as indicated in the table below, approximately $4.37 billion aggregate principal amount of ProLogis Notes had been validly tendered for exchange (and not validly withdrawn), such that the requisite consents for the applicable series of ProLogis Notes have been received (such consents may not be revoked after the Early Consent Date by the terms and conditions of the exchange offers and consent solicitations as described in the corresponding prospectus). In light of having received the requisite consents, the proposed amendments to the ProLogis indenture (such indenture, as amended and supplemented, the "ProLogis Indenture") governing the ProLogis Notes (the "Proposed Amendments") will be adopted, assuming all other conditions of the exchange offers and consent solicitations are satisfied or waived, as applicable. The following table shows the principal amount of each such series tendered by the Early Consent Date.

Posted-In: News Offerings

 

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