Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance

Sheet Arrangement of a Registrant.




On July 10, 2020, Prologis Marunouchi Finance Investment Limited Partnership, a
Japanese
toshi jigyo yugen sekinin kumiai
and a subsidiary of Prologis, Inc. ("Prologis"), as the initial borrower, and
Prologis, L.P. ("Operating Partnership"), as guarantor, entered into the Sixth
Amended and Restated Revolving Credit Agreement (the "Yen Revolver") with
various lenders and Sumitomo Mitsui Banking Corporation, as Administrative
Agent. Pursuant to the Yen Revolver, the borrowers thereunder may obtain loans
and/or procure the issuance of letters of credit on a revolving basis in an
aggregate amount not exceeding JPY55.0 billion. The Operating Partnership may
increase the availability under the Yen Revolver to an amount not exceeding JPY
75.0 billion by adding additional lenders to the facility or obtaining the
agreement of existing lenders to increase their commitments.
The Yen Revolver is scheduled to mature on July 10, 2024, but the Operating
Partnership may, at its option and subject to payment of an extension fee,
extend the maturity date of the Yen Revolver for one year (to July 10, 2025).
Pricing under the Yen Revolver, including the spread over LIBOR and the rates
applicable to facility fees and letter of credit fees, varies based upon the
public debt ratings of the Operating Partnership as in effect from time to time.
As of the closing date, the spread was 40 basis points. The Yen Revolver
contains customary representations, covenants (including certain financial tests
applicable to the Operating Partnership) and defaults (including a
cross-acceleration to other recourse indebtedness of more than USD150,000,000).
Concurrently with the effectiveness of the Yen Revolver, Prologis Japan Finance
Investment Limited Partnership and the Operating Partnership became borrowers
under the Yen Revolver pursuant to joinder agreements. Additional subsidiaries
of the Operating Partnership may become borrowers under the Yen Revolver from
time to time. The Operating Partnership has unconditionally guaranteed all
obligations of each other borrower under the Yen Revolver. Pursuant to the terms
of the Yen Revolver, Prologis is not required to guarantee the obligations of
the borrowers under the Yen Revolver unless Prologis incurs any indebtedness
that is not in existence as of the date of the Yen Revolver or guarantees any
indebtedness that is not guaranteed by Prologis as of the date of the Yen
Revolver.
The Yen Revolver and Guaranty of Payment have been included herewith as Exhibit
10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.

(d) Exhibits. The following documents have been filed as exhibits to this report and are incorporated by reference herein as described above.


 Exhibit
   No.                                       Description

   10.1            Sixth Amended and Restated Revolving Credit Agreement, dated as of
                 July 10, 2020, among Prologis Marunouchi Finance Investment Limited
                 Partnership, as initial borrower, Prologis, L.P., as guarantor, the
                 lenders listed on the signature pages thereof, and Sumitomo Mitsui
                 Banking Corporation, as Administrative Agent.

   10.2            Guaranty of Payment, dated as of July 10, 2020, between Prologis,
                 L.P., as guarantor, and Sumitomo Mitsui Banking Corporation, as
                 Administrative Agent, for the banks that are from time to time
                 parties to the Sixth Amended and Restated Revolving Credit
                 Agreement.

   104           Cover Page Interactive Data File (the cover page iXBRL tags are
                 embedded within the Inline XBRL document)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses