October 28, 2009 (FinancialWire) — ProLogis (NYSE: PLD) has priced an offering of $600 million of fixed-rate senior notes due October 30, 2019. The notes have an annual coupon rate of 7.375% and were priced at 99.728% of the principal amount to yield 7.414% to maturity.

Banc of America Securities (NYSE: BAC), Citi (NYSE: C), and Goldman, Sachs (NYSE: GS) acted as joint book-running managers. The sale of the notes is scheduled to close on October 30.

ProLogis plans to use the proceeds from the sale to repay a portion of the outstanding balance under its global line of credit and for general corporate purposes, which may include the repayment or repurchase of other indebtedness.

Denver-based ProLogis is a provider of distribution facilities, with more than 475 million square feet of industrial space in markets across North America, Europe and Asia.

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