#United States #Pasadena #Tender Offers #Alexandria Real Estate #2050 Notes

Alexandria Real Estate Equities, Inc. Unveils Cash Tender Offers

Alexandria Real Estate Equities, Inc., a notable player in the real estate investment trust sector, has made waves recently by announcing its pricing details for its cash tender offers. This decision comes as the company aims to purchase a total principal amount of senior notes, specifically the 3.000% Senior Notes due 2051, 3.550% Senior Notes due 2052, and 4.000% Senior Notes due 2050. The aggregate maximum tender amount is capped at $952,202,784.40.

Understanding the Tender Offers

Tender offers are typically made to buy back securities from investors, often at a premium over the current market price. Alexandria's recent announcement outlines this process, highlighting the acceptance levels of various note series, and how these relate to the broader capital strategy of the company. The offer was officially communicated to investors via an Offer to Purchase, released on January 27, 2026.

The company intends to accept all notes that are validly tendered and not withdrawn prior to the early tender date. Notably, Alexandria is known for its strong rating and reliability in executing transactions in the competitive real estate market, asserting itself as a leader in life sciences-related investments.

Specifics of the Offers

For investors, the provided pricing terms and specific details in the Offer to Purchase are essential for making informed decisions. Alexandria's commitment to offer an early tender premium of $50 per $1,000 principal amount of validly tendered and accepted Notes adds an attractive incentive for investors to participate early.

The company has shared crucial information, including:

• - Total Consideration for each series, based on U.S. Treasury Security reference yields and fixed spreads.
• - A distinct table of the notes that includes identification numbers, acceptance priority levels, and expected acceptance amounts for purchase.

Key Notes and Their Terms

In the provided data, Alexandria gives three distinct series of notes:
1. 3.000% Senior Notes due 2051 - CUSIP: 015271 AX7
- Total Consideration: $656.22
- Acceptance Priority: 1
- Aggregate Principal Amount expected for acceptance: $497,602,000

2. 3.550% Senior Notes due 2052 - CUSIP: 015271 AZ2
- Total Consideration: $726.53
- Acceptance Priority: 2
- Aggregate Principal Amount expected for acceptance: $524,594,000

3. 4.000% Senior Notes due 2050 - CUSIP: 015271 AS8
- Total Consideration: $790.86
- Acceptance Priority: 3
- Aggregate Principal Amount expected for acceptance: $309,199,000

These notes will be accepted on the Early Settlement Date, anticipated for February 12, 2026, which will also incorporate any accrued interest. This timeline is critical for investors as it specifies when they can expect to receive payments post-tender.

What to Expect Moving Forward

The company has not only made a clear intention to structure its offers but has also emphasized that the tender offers set to expire on February 25, 2026, will be extremely competitive. Given the rapid accumulation of notes validly tendered by the early tender date, Alexandria does not foresee any additional purchases post that deadline.

For those interested, Alexandria has engaged several reputable financial firms, including Citigroup, Barclays, and J.P. Morgan, to manage these offers effectively. Investors are encouraged to consult their own financial advisors and carefully review the Offer to Purchase documentation for comprehensive details.

Conclusion

In conclusion, Alexandria Real Estate Equities, Inc. stands committed to optimizing its capital structure through these strategic tender offers. Investors and stakeholders are urged to stay informed and take advantage of the provided incentives before the final deadlines. This initiative not only supports Alexandria’s operational strategies but also promotes investor engagement and confidence in their financial practices.

For more information, interested parties may reach out to the company’s investor relations.

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