-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NEVy+wiYL7125TcSP4N2zg0BNMEwVaFcspeJXcDNKx9S06DiofqMI8RvUQ1KJiKD 4w0+uR/WAL7XLnOnZO7EPg== 0000950134-08-008223.txt : 20080502 0000950134-08-008223.hdr.sgml : 20080502 20080501214730 ACCESSION NUMBER: 0000950134-08-008223 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080502 DATE AS OF CHANGE: 20080501 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROLOGIS CENTRAL INDEX KEY: 0000899881 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742604728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-132616 FILM NUMBER: 08796476 BUSINESS ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 BUSINESS PHONE: 3033759292 MAIL ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 FORMER COMPANY: FORMER CONFORMED NAME: PROLOGIS TRUST DATE OF NAME CHANGE: 19980717 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL INDUSTRIAL TRUST DATE OF NAME CHANGE: 19931228 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PROLOGIS CENTRAL INDEX KEY: 0000899881 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 742604728 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 BUSINESS PHONE: 3033759292 MAIL ADDRESS: STREET 1: 4545 AIRPORT WAY CITY: DENVER STATE: CO ZIP: 80239 FORMER COMPANY: FORMER CONFORMED NAME: PROLOGIS TRUST DATE OF NAME CHANGE: 19980717 FORMER COMPANY: FORMER CONFORMED NAME: SECURITY CAPITAL INDUSTRIAL TRUST DATE OF NAME CHANGE: 19931228 FWP 1 d56231fpfwp.htm FREE WRITING PROSPECTUS fwp
 

Issuer Free Writing Prospectus
Filed by ProLogis
Pursuant to Rule 433 Under the Securities Act of 1933 Registration Statement on Form S-3;
File No. 333-132616 Dated May 1, 2008
PROLOGIS
PRICING TERM SHEET
6.625% Notes due 2018
     
Issuer:
  ProLogis
 
    
Security:
  6.625% Notes due 2018 
 
    
Size:
  $600,000,000 
 
    
Maturity Date:
  May 15, 2018
 
    
Coupon:
  6.625% per annum, payable semi-annually 
 
    
Interest Payment Dates:
  May 15 and November 15, commencing November 15, 2008
 
    
Price to Public:
  99.766% 
 
    
Underwriting Discount:
  0.650% 
 
    
Concurrent Offering:
  Concurrently with this offering, ProLogis is offering $500,000,000 aggregate principal amount of convertible notes due 2038 (the “convertible notes”) in a registered public offering ($550,000,000 aggregate principal amount if the underwriters exercise their overallotment option to purchase additional convertible notes in full). The convertible notes will be offered pursuant to a separate prospectus supplement. There is no assurance that the concurrent offering of convertible notes will be completed or, if completed, that it will be completed for the amounts contemplated. The completion of this offering is not conditioned on the completion of the concurrent offering of the convertible notes.
 
    
Net Proceeds, Before Expenses, to ProLogis:
  $594,696,000 
 
    
Use of Proceeds:
  The net proceeds from the sale of the notes are estimated to be approximately $594.7 million, after deducting the underwriters’ discount and estimated offering expenses. ProLogis will use the net proceeds from the sale of the notes and the concurrent offering of the convertible notes to repay a portion of the borrowings under its global line of credit and for general corporate purposes.
 
    
Spread to Benchmark Treasury:
  + 290 basis points
 
    
Benchmark Treasury:
  3.500% due February 2018 
 
    
Benchmark Treasury Spot:
  97-29 
 
    
Benchmark Treasury Yield:
  3.757% 
 
    
Reoffer Yield:
  6.657% 
 
    
Make-Whole Call:
  Treasury Rate + 50 basis points
 
    
Expected Settlement Date:
  May 7, 2008 (T+4)*
 
    
CUSIP / ISIN:
  743410 AT9 / US743410AT97 
 
    
Ratings:
  Baa1 (stable) / BBB+ (stable) / BBB+ (stable)
 
    
Joint Book-Running Managers:
  Citigroup Global Markets Inc.
Goldman, Sachs & Co.
Greenwich Capital Markets, Inc.

 

 

     
Senior Co-Managers:
  Barclays Bank PLC
Deutsche Bank Securities Inc.
Lehman Brothers Inc.
 
    
Co-Managers:
  Piper Jaffray & Co.
Scotia Capital (USA) Inc.
UBS Securities LLC
Wachovia Capital Markets, LLC
Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.
* It is expected that delivery of the notes will be made against payment on or about May 7, 2008, which will be the fourth business day following the date of the pricing of the notes. Under Rule 15c6-1 under the Exchange Act, trades in the secondary market generally are required to settle in three business days, unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade notes on the date of pricing or the next succeeding business day will be required, by virtue of the fact that the notes initially will settle in T+4, to specify alternative settlement arrangements to prevent a failed settlement.
The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus and supplement thereto in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by contacting Citigroup Global Markets Inc. by telephone (toll free) at 1-877-858-5407, by contacting Goldman, Sachs & Co., 85 Broad Street, New York, New York 10004 or by calling toll-free at 1-866-471-2526, or by contacting RBS Greenwich Capital by telephone (toll free) at 1-866-884-2071 or by email at offeringmaterials@rbsgc.com.

 

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