Search
 

ProLogis Amends SEC Filing

DENVER-Industrial real estate investment trust ProLogis amends a shelf registration to sell securities for about $307 million. This amends an agreement that first was filed in July 2004, when ProLogis filed plans to issue as much as 7.4 million shares.

By John Rebchook | Updated on April 09, 2006

(To read more on the debt and equity markets, click here.)

DENVER-Locally based industrial real estate investment trust ProLogis has filed an amendment to a sales agreement for a “shelf agreement” to issue 5.74 million shares of common stock at its discretion. At a recent value of $53.50 per share, that equates to about $307 million in new issuances.

“We have entered into a sales agreement, as amended, with Cantor Fitzgerald & Co. relating to the common shares of beneficial interest,” ProLogis execs say in a Securities and Exchange Commission filing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.