bond redemption

Prologis, Inc. announced it will fully redeem its 3.00% notes due June 2 2026 (CUSIP 74340XBB6) at 102.1% of principal on January 9 2026, removing the bonds from the NYSE. The early buy‑back locks in a lower cost of capital as market rates exceed 4%, strengthens the balance sheet, and may boost its credit rating. Saved cash will support Prologis Labs’ AI and IoT upgrades for smarter warehousing. Analysts view the modest premium as a bullish sign, though risks remain from global economic headwinds, freight‑rate volatility, and currency exposure.