This credit facility is slated to mature on Jul 11, 2017. However, on the fulfilment of certain conditions and the payment of an extension fee, the maturity date can be extended for another year. Based on Prologis' public debt ratings, the pricing on this credit facility currently stands at LIBOR plus 130 basis points – reflecting a reduction of 40 basis points from that of the prior global credit facility. In Conclusion Prologis is significantly capitalizing on promising opportunities across the globe. With a larger customer base, rise in e-Commerce application and supply chain consolidation, there is an increasing demand for Class-A facilities and Prologis stands to benefit as it has the capacity to offer modern distribution facilities in strategic infill locations. Recently, Prologis announced that its Euro-denominated joint venture (:JV) – Prologis European Logistics Partners Sàrl ('PELP') – acquired 11 high-quality distribution facilities in United Kingdom.