SECOND AMENDED AND RESTATED GLOBAL SENIOR CREDIT AGREEMENT

Signed Mar 26, 2026

Committed: $2bn
Matures: Jun 2030
Agent: Bank of America, N.A.

Tranche	Size	Matures	Margin
U.S. Tranche Revolving Facility	$2bn	Jun 2030	63–135 bps
Euro Tranche Revolving Facility	EUR n/a	Jun 2030	63–135 bps

Priced over Term SOFR, floor 0 bps (Revolving credit facility).

Level	Condition	Margin	Unused fee
Level Less than Baa3/BBB-	Less than Baa3 or BBB- (or not rated)	135 bps	30 bps
Level Baa3/BBB-	Baa3 / BBB-	100 bps	25 bps
Level Baa2/BBB	Baa2 / BBB	80 bps	20 bps
Level Baa1/BBB+	Baa1 / BBB+	73 bps	15 bps
Level A3/A-	A3 / A-	68 bps	13 bps
Level A2/A	A2 / A	65 bps	10 bps
Level A1 or better/A+ or better	A1 or better / A+ or better	63 bps	10 bps

Lenders: BofA Securities, Inc., JPMorgan Chase Bank, N.A., Citibank, N.A., U.S. Bank National Association, PNC Capital Markets LLC, Sumitomo Mitsui Banking Corporation

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; provided that as of the last day of the four consecutive fiscal quarters immediately following any acquisition of real property or a portfolio of assets or businesses, such ratio may exceed 0.60 to 1.0 so long as it does not exceed 0.65 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%.

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