By Stephen Nakrosis
Prologis Inc. said it entered an amended and restated global senior credit agreement in an aggregate amount of no more than about $3 billion, and subject to an increase of not more than $1 billion.
The agreement involves Prologis and various affiliates, along with various agents and lenders, and restates a deal dated June 30, 2022. Bank of America, N.A., is acting as global administrative agent, Prologis said.
The 2025 global facility has a U.S. dollar tranche in the amount of $2 billion and a euro tranche in the amount of some EUR895 million, according to the company.
The 2025 global facility is scheduled to mature on June 29, 2029, but Prologis has the option for two six months extensions, subject to payment of a fee.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
May 23, 2025 17:19 ET (21:19 GMT)
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