Prologis, L.P. Announces Early Participation Results in Exchange Offers for Duke Realty Notes, Receipt of Requisite Consents and Extension of the Early Participation Premium

SAN FRANCISCO, Sept. 14, 2022 /PRNewswire/ — Prologis, Inc. ( NYSE: PLD) today announced early results from the offers to exchange outstanding notes (the “Duke Realty Notes”) of the nine series described in the table below issued by Duke Realty Limited Partnership (“Duke Realty OP”) for notes in nine corresponding series to be issued by Prologis, L.P. (“Prologis OP,” and such notes the “Prologis Notes”) in the aggregate principal amount of up to $3.375 billion. As of 5:00 p.m., New York City time, on September 14, 2022 (the “Early Expiration Date”) and as indicated in the table below, approximately $3.22 billion aggregate principal amount of the Duke Realty Notes had been validly tendered for exchange (and not validly withdrawn), and the requisite consents applicable to each series of Duke Realty Notes to adopt the Proposed Amendments (as defined below) have been received (such consents may not be revoked after the Early Expiration Date by the terms and conditions of the exchange offers and consent solicitations as described in the corresponding prospectus). In light of having received the requisite consents to amend the terms of the applicable Duke Realty OP indenture (such indentures, as amended and supplemented, the “Duke Realty Indentures”) governing the Duke Realty Notes (the “Proposed Amendments”), the Proposed Amendments will be adopted, assuming the merger with Duke Realty Corporation (“DRE”) is completed. The following table shows the principal amount of each…