ALL
PROPERTIES
AGENTS
OFFICES
RESOURCES
SEARCHES
RECENTLY RATED
Learn
ProLogis prices $1.5B of senior notes
04-27-2010
DENVER (AP) — ProLogis, a real estate investment trust, priced $400 million of convertible senior notes and $1.1 billion of fixed-rate senior notes Tuesday.
The sale is expected to close on March 16. ProLogis said it plans to use the proceeds from both offerings to pay down debt.
The convertible senior notes mature March 15, 2015, at a rate of $17.29 per share, a 29 percent premium to Tuesday's closing price.
Of the fixed-rate notes, $800 million are due March 15, 2020. They have an annual coupon rate of 6.9 percent. The remaining notes are due March 15, 2017, and have an annual coupon rate of 6.25 percent.
About Coldwell Banker®
Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
Coldwell Banker Real Estate LLC will never sell or provide information to a third party without your
prior consent.
Click here to see our full Privacy Policy and Terms and Conditions of Use
Click here to see our full Privacy Policy and Terms and Conditions of Use
Top Tools
close