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Nippon Prologis REIT Completes Follow-On Offering of Investment Units

06.05.23

The Firm recently represented the international joint lead managers in connection with a follow-on offering of investment units by Nippon Prologis REIT, Inc., which included an international offering to institutional investors pursuant to Rule 144A and Regulation S. The offering raised approximately ¥25 billion for the issuer, which will be used, together with bank financing and cash on hand, toward the repayment of a bridge loan received to acquire three new logistics facilities. Morgan Stanley & Co. International plc, SMBC Nikko Capital Markets Limited, Mizuho International plc, Merrill Lynch International and Nomura International plc acted as international joint lead managers for the offering.

The Simpson Thacher team included Alan Cannon, David Snowden and Xochitl Romo (Capital Markets); Jonathan Cantor and Kris Liu (Tax); and Jennie Getsin (Blue Sky).