Prologis, L.P. Issues C$700 Million in 3.600% Notes Due 2032

Prologis, L.P. announced the pricing of an offering of C$700,000,000 aggregate principal amount of its 3.600% Notes due 2032. The notes were priced on October 20, 2025, and the offering is expected to close on October 27, 2025. The net proceeds from the sale of the notes, after underwriting discounts and offering expenses, are estimated to be approximately C$693.6 million. Prologis, L.P. intends to use the net proceeds for general corporate purposes, which may include the repayment of borrowings under its global lines of credit, a Canadian dollar secured mortgage loan, and possibly other debt. The notes will be senior unsecured obligations of Prologis, L.P. and will bear interest at a rate of 3.600% per annum, maturing on February 15, 2032. The notes are being issued under an indenture dated June 8, 2011, as supplemented. The offering is being made pursuant to a registration statement filed with the SEC.