Prologis, Inc. to Offer 30 Million Shares of Common Stock

Prologis, Inc PLD today announced that it intends to offer 30 million shares of its common stock in a registered public offering. Prologis also plans to grant the underwriters a 30-day option to purchase up to 4.5 million additional shares of its common stock to cover sales in excess of the number of shares of its common stock initially sold. BofA Merrill Lynch and J.P. Morgan are acting as joint bookrunners for the proposed offering. Prologis intends to use a portion of the net proceeds to fully repay outstanding borrowing under the existing ProLogis European Properties bridge facility. Prologis plans to apply any remaining net proceeds to repay borrowings under its global senior credit agreement and for general corporate purposes. 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.