newsfilter
← Latest News
PR Newswire·

Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $1,000,000,000 of Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057

ARE
  • Alexandria Real Estate Equities, Inc. priced a $1 billion public offering of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.
  • The notes were priced at 100% of the principal amount with J.P. Morgan Securities LLC acting as joint book-running manager alongside BofA Securities, Citigroup, Goldman Sachs, RBC Capital Markets, BBVA, Mizuho, Scotia Capital, SMBC Nikko, TD Securities, Truist, U.S. Bancorp, BNP Paribas, and PNC Capital Markets.
  • Co-managers for the offering include Fifth Third Securities, M&T Securities, Santander US Capital Markets, Capital One Securities, Huntington Securities, Regions Securities, and Samuel A. Ramirez & Company.
  • Interest will accrue at 7.250% annually through February 15, 2032, then reset every five years to the five-year U.S. Treasury Rate plus 2.889% with a floor of 7.250%.
  • The notes are junior subordinated unsecured obligations fully guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary.
  • The offering closing is expected on or about August 21, 2026, subject to customary conditions.
  • Net proceeds will be used for general corporate purposes, including working capital, debt reduction, repayment of other indebtedness, or selective property development, acquisition, or redevelopment.
  • Until deployed, proceeds may be invested in high-quality short-term securities or used temporarily for working capital.
  • The offering is made pursuant to an effective Form S-3 registration statement filed with the SEC.
  • Alexandria is an S&P 500 life science REIT established in 1994, operating in major innovation clusters such as Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City.