Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it is commencing an underwritten public offering, subject to market conditions, of two tranches of senior notes (the “notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} owned subsidiary of the Company.

The Company expects the net proceeds from the first tranche in this offering will be used initially to repurchase or redeem any and all of the Company’s outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} senior notes due 2024 (the “2024 notes”) pursuant to a tender offer announced separately today (the “tender offer”), by redemption or otherwise. The Company expects to use the remainder of these proceeds, if any, for general corporate purposes, which may include the reduction of the outstanding balance on the Company’s unsecured senior line of credit, if any, the reduction of the outstanding indebtedness under the Company’s commercial paper program, if any, the repayment of

Read More

Alexandria Real Estate Equities, Inc. Announces Tender Offer for Any and All of Its Outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes Due 2024

PASADENA, Calif., Feb. 3, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it has commenced a cash tender offer for any and all of its outstanding 4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior Notes due 2024 (CUSIP No. 015271 AM1) (the “Notes”) on the terms of, and subject to the conditions set forth in, the Offer to Purchase, dated the date hereof (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery attached to the Offer to Purchase (the “Notice of Guaranteed Delivery”). The Notes are fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. As of February 2, 2021, there was $650,000,000 aggregate principal amount of the Notes outstanding. The tender offer is referred to herein as the “Offer.” The Offer to Purchase and the Notice of Guaranteed Delivery are referred to herein collectively as the “Offer Documents.”

Certain information regarding the Notes and the pricing for the Offer is set forth in the table below.



Title of Security

CUSIP
Number

Principal
Amount
Outstanding

U.S.
Treasury
Reference
Security

Bloomberg
Reference
Page

Fixed Spread

4.000{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Senior
Notes due 2024

015271 AM1

$650,000,000

0.125{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} U.S.
Treasury Notes due
December 15, 2023

FIT5

20 bps

Holders

Read More