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Prologis Board of Directors Approves 9.4 Percent Increase in Quarterly Common Stock Dividend
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Prologis, L.P. Prices $2,200,000,000 offering of Notes due 2027, 2030 and 2050
Prologis, Inc. (NYSE: PLD; "Prologis") today announced that its operating subsidiary, Prologis, L.P. (the "Operating Partnership"), has priced an offering of three series of notes (the "Notes") in an aggregate principal amount of $2,200,000,000, consisting of $500,000,000 aggregate principal amount of its 2.125% notes due 2027, priced at 99.833% of the principal amount, $1,000,000,000 aggregate principal amount of its 2.250% notes due 2030, priced at 99.331% of the principal amount and $700,000,000 aggregate principal amount of its 3.000% notes due 2050, priced at 98.936% of the principal amount. The Notes will be senior unsecured obligations of the Operating Partnership. The sale of the Notes is expected to close on or about February 18, 2020, subject to customary closing conditions.
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Prologis Board of Directors Approves 9.4 Percent Increase in Quarterly Common Stock Dividend
The Board of Directors of Prologis, Inc. (NYSE: PLD) today approved a plan to raise the company's annualized dividend level by 9.4 percent to $2.32 per share of common stock. The board declared a regular cash dividend for the quarter ending March 31, 2020, on the following securities:
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