#United States #Senior Notes #Pasadena #Alexandria Real Estate #cash tender offers

Alexandria Real Estate Equities Launches Significant Cash Tender Offers for Senior Notes

Alexandria Real Estate Equities Announces Cash Tender Offers

PASADENA, CALIFORNIA — On January 27, 2026, Alexandria Real Estate Equities, Inc. (NYSE: ARE) revealed its latest initiative, the commencement of cash tender offers aimed at purchasing up to an aggregate principal amount that will not exceed $800 million of its outstanding Senior Notes. This strategic financial move is designed to bolster the company's standing in the market and manage its debt effectively.

Tender Offer Details

The tender offers pertain to three specific series of Senior Notes:

- 3.000% Senior Notes due 2051
- 3.550% Senior Notes due 2052
- 4.000% Senior Notes due 2050

Each of these notes has been fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. The amounts outstanding for each series play a crucial role in determining how the tender offers will proceed based on the Acceptance Priority Levels as laid out by the company.

Key Financial Figures

The tender offer table outlines the specifics of the notes, including their CUSIP numbers and the acceptance priority:

Title of Notes	CUSIP Number	Aggregate Principal Amount Outstanding	Priority Level	Reference U.S. Treasury Security	Bloomberg Reference Page	Fixed Spread	Early Tender Premium
----	----	-------	----	--------	-----	--	-------
3.000% Senior Notes due 2051	015271 AX7	$850,000,000	1	4.750% UST due August 15, 2055	FIT1	+75	$50
3.550% Senior Notes due 2052	015271 AZ2	$1,000,000,000	2	4.750% UST due August 15, 2055	FIT1	+75	$50
4.000% Senior Notes due 2050	015271 AS8	$700,000,000	3	4.750% UST due August 15, 2055	FIT1	+80	$50

Offer Conditions

The tender offers are contingent upon various terms set forth in the accompanying Offer to Purchase. Notably, the company has reserved the right to increase the Aggregate Maximum Tender Amount and may do so without extending right of withdrawal unless legally required. Holders of the notes are encouraged to consider tendering their notes before the Early Tender Date (5:00 PM New York City time on February 9, 2026) to take advantage of a total consideration that includes an early tender premium.

Financial Strategy

The total consideration and tender offer consideration will be calculated based on the fixed spread over the yield to maturity, referring to the bid side price of the U.S. Treasury Security. Key payment dates have been specified; for instance, payments to holders who tender their notes prior to the Early Tender Date should expect a settlement date of February 12, 2026.

Forward-Looking Statements

While the company expresses confidence in these tender offers, they acknowledge that several factors could influence the completion of the offers and the overall impact on their financial health. The company is committed to updating stakeholders on any developments regarding these conditions.

Conclusion

Alexandria Real Estate Equities continues to be a leader in the life science real estate sector, known for its innovative approaches and strong market position. The current cash tender offers reflect its ongoing commitment to optimizing its capital structure, providing a pathway for investors to engage with the company’s financial activities. Holders of the notes are urged to consult with financial advisors before making decisions regarding tendering their notes as part of this offer.

For further inquiries, parties can reach out to Citigroup Global Markets Inc., Barclays Capital Inc., and J.P. Morgan Securities LLC, the appointed dealer managers for these tender offers.

For investment advice or concerns regarding these offers, investors should seek guidance from their financial advisors to ensure informed decision-making regarding their assets.