March 3, 2026
On March 3, 2026, Prologis Targeted U.S. Logistics Fund, L.P. (“USLF”) completed an offering of $500,000,000 aggregate principal amount of 4.625% Senior Notes due 2033 to qualified institutional buyers and in offshore transactions to persons who are not U.S. persons pursuant to Rule 144A of and Regulation S under the Securities Act of 1933, respectively. Willkie represented USLF as issuer.
USLF intends to use the net proceeds of the offering for general corporate and working capital purposes, including the repayment of borrowings under its unsecured credit facility and to fund equity redemptions and acquisitions. Pending application of the net proceeds as described above, USLF may invest the proceeds in short-term securities.
The Willkie team consisted of partners Jennifer Carlson, Guy Inbar and Alexander Ryan, counsel Catherine Harrington and Richard Jackson, and associates Stephanie Chen and Jakob Edson.
USLF intends to use the net proceeds of the offering for general corporate and working capital purposes, including the repayment of borrowings under its unsecured credit facility and to fund equity redemptions and acquisitions. Pending application of the net proceeds as described above, USLF may invest the proceeds in short-term securities.
The Willkie team consisted of partners Jennifer Carlson, Guy Inbar and Alexander Ryan, counsel Catherine Harrington and Richard Jackson, and associates Stephanie Chen and Jakob Edson.
