TERM LOAN CREDIT AGREEMENT

Signed Aug 4, 2026

Committed: n/a
Matures: n/a
Agent: JPMorgan Chase Bank, N.A.

Tranche	Size	Matures	Margin
Term Loan	GBP $3.58bn	n/a	68–155 bps

Priced over SONIA, floor 0 bps (Delayed draw term loan).

Level	Condition	Margin	Unused fee
Level Less than Baa3 or not rated	Less than Baa3 or not rated / Less than BBB-or not rated	155 bps	30 bps
Level Baa3	Baa3 / BBB-	115 bps	25 bps
Level Baa2	Baa2 / BBB	90 bps	20 bps
Level Baa1	Baa1 / BBB+	80 bps	15 bps
Level A3	A3 / A-	75 bps	13 bps
Level A2	A2 / A	70 bps	10 bps
Level A1 or better	A1 or better / A+ or better	68 bps	10 bps

Lenders: JPMorgan Chase Bank, N.A.

CovenantTestedHeadroomLimit now

Tested quarterlyHeadroom not yet measured0.60x

Prologis shall not permit the Consolidated Leverage Ratio, as of the last day of any fiscal quarter, to exceed 0.60 to 1.0

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Tested quarterlyHeadroom not yet measured1.50x

Prologis shall not permit the Fixed Charge Coverage Ratio, as of the last day of any fiscal quarter, to be less than 1.50 to 1.0.

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Tested quarterlyHeadroom not yet measured1.50

Prologis shall not permit the Unencumbered Debt Service Coverage Ratio, as of the last day of any fiscal quarter, to be less than 1.50 to 1.0.

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Tested quarterlyHeadroom not yet measured0.40x

Prologis shall not permit the ratio (expressed as a percentage) of (a) the aggregate amount of all Secured Debt of the Companies outstanding as of the last day of any fiscal quarter to (b) Total Asset Value as of such date to exceed 40%.

Read the filing on sec.gov ↗

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