#United States #Senior Notes #Pasadena #Alexandria Real Estate #NYSE: ARE

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

On January 30, 2025, Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced its plan to launch an underwritten public offering of senior notes, which are subject to market conditions. The offering will see participation from several key financial institutions, including Goldman Sachs, BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, and RBC Capital Markets, who will serve as joint book-running managers for this public stock issue.

The senior notes will be unsecured obligations of Alexandria, with an unconditional guarantee from Alexandria Real Estate Equities, L.P., a 100% owned subsidiary. The company anticipates that the proceeds—after covering any existing obligations—will be allocated to redeem or repay a portion of its 3.45% Senior Notes, set to mature on April 30, 2025. Until the funds from this offering are utilized, they will be invested in high-quality short-term securities, or designated for corporate purposes, which could entail reducing outstanding debt or facilitating property development.

The strategic move for Alexandria to offer these notes stems from its objective to manage its debt portfolio effectively while simultaneously seeking new opportunities for organizational growth. The anticipated redemption of the 3.45% notes aims to streamline Alexandria's financial commitments and bolster its overall fiscal health. Any excess proceeds from this offering will be employed for general working capital and corporate needs, enhancing the company’s adaptability in managing its resources.

The offering is being executed under an effective registration statement on Form S-3, previously filed with the Securities and Exchange Commission (SEC). It should be noted that this announcement does not constitute an offer to sell or a solicitation to purchase any notes, nor is it valid in any state where such offer or solicitation could be deemed illegal before registering with the corresponding securities laws.

For those interested in acquiring detailed information regarding this offering, a prospectus supplement can be requested from the contacting institutions listed in the announcement. These institutions are well-positioned to provide further guidance on the offering process and the investment’s implications.

About Alexandria Real Estate Equities, Inc.

Founded in 1994, Alexandria is a leader in life science real estate investment, offering innovative space solutions in prime locations such as Greater Boston, the San Francisco Bay Area, and New York City, among others. As part of the S&P 500, Alexandria is dedicated to its mission of fostering an enduring positive impact globally, specializing in the development and management of collaborative life science ecosystems.

The company’s ongoing commitment to excellence is reflected in its proactivity toward managing its debt structures while seeking avenues that supplement its long-term growth initiatives within the life sciences field. The upcoming offering of senior notes is a crucial step in securing both short-term capital and long-term strategic objectives, ensuring Alexandria remains at the forefront of the evolving life science real estate sector.

For more comprehensive news and updates about Alexandria Real Estate Equities, visit their official website at www.are.com. Understanding these offerings and Alexandria's ongoing strategies will be essential for stakeholders who wish to engage with the company effectively.