Prologis To Issue 30 Million Shares

Industrial real estate firmPrologisis seeking to sell 30 million shares of its common stock in a public offering. The offer includes a 30-day option to underwriters for buying a maximum of 4.5 million additional shares.

The proceeds will partly be used to repay outstanding borrowing under the existing ProLogis European Properties bridge facility. The remainder will be used to repay borrowings under its global senior credit agreement.BofA Merrill LynchandJP Morganare the joint book-runners for the deal.

Click here for the release fromPR Newswire.