AMB Property, L.P. engages in the acquisition, development, and operation of industrial properties in North America, Europe, and Asia. Its industrial properties principally include logistics facilities, centers, or warehouses; distribution facilities, centers, or warehouses; and high throughput distribution facilities. The company, through its subsidiaries, also provides real estate investment services; and develops projects for sale or contribution to third parties. As of March 31, 2007, it owned or had investments in properties and development projects of approximately 128.2 million rentable square feet; and 1,101 buildings in 40 markets within 13 countries. The company also managed approx...
Pier 1 Bay 1
San Francisco, CA 94111
Prologis LP Seeks Acquisitions
Oct 3 14
Prologis LP has completed a fixed-income offering in the amount of €599 million. Prologis said, "We intend to use the net proceeds for general corporate purposes, including the acquisition and development of European properties and additional investments in our European co-investment ventures."
Prologis, L.P. Prices EUR 600 Million of Guaranteed Notes Due 2020
Oct 1 14
Prologis, L.P. has priced an offering of EUR 600 million aggregate principal amounts of notes due October 7, 2020, that have an annual coupon rate of 1.375% and were priced at 99.834% of the principal amount. The notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by Prologis Inc. The sale of the notes is expected to close on or about October 7, 2014, subject to customary closing conditions. The offering has been made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. The operating partnership intends to use the net proceeds for general corporate purposes, including the acquisition and development of European properties and additional investments in its European co-investment ventures. In the short term, the operating partnership intends to use the net proceeds to repay borrowings under its global line of credit and/or its multi-currency senior term loan.
Prologis, Inc., Prologis, L.P. Enter into First Amendment to the Global Senior Credit Agreement with Various Lenders and Bank of America, N.A
Jun 30 14
On June 26, 2014, Prologis, Inc. (Prologis), Prologis, L.P., a limited partnership (the operating partnership), entered into a first amendment to the global senior credit agreement dated as of July 11, 2013 among Prologis, the operating partnership, various affiliates of the operating partnership, various lenders and Bank of America, N.A., as administrative agent. The first amendment increased the commitments under the U.S. tranche of the credit agreement by $400,000,000 (to a total of $1,220,000,000) and under the Euro tranche of the credit agreement by 73,490,000 (to a total of 597,430,000). In addition, first amendment increases the cross-default and the judgment default thresholds from $50,000,000 to $100,000,000, permanently increases the maximum secured debt to total asset value ratio from 35% to 40% and adds certain provisions regarding anti-corruption laws.