Released: Feb. 2, 2023 at 7:06 PM EST|Updated: 2 several hours ago
PASADENA, Calif., Feb. 2, 2023 /PRNewswire/ — Alexandria Actual Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) these days introduced that it has priced a public presenting of $500,000,000 combination principal quantity of 4.750% senior notes due 2035 and $500,000,000 combination principal amount of 5.150% senior notes because of 2053 (the “notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., RBC Cash Marketplaces, LLC, BBVA Securities Inc., Capital One Securities, Inc., Evercore Group L.L.C., Mizuho Securities United states of america LLC, Locations Securities LLC, Scotia Money (United states of america) Inc., SMBC Nikko Securities The united states, Inc. and Truist Securities, Inc. are acting as joint reserve-working supervisors in link with the public offering, and Barclays Money Inc., BMO Funds Marketplaces Corp., Fifth Third Securities, Inc., Huntington Securities, Inc., PNC Cash Markets LLC, TD Securities (United states) LLC and Samuel A. Ramirez & Business, Inc. are acting as co–managers in connection with the general public presenting.
The senior notes owing 2035 ended up priced at 99.741% of the principal volume with a yield to maturity of 4.777% and the senior notes because of 2053 had been priced at 99.500% of the principal sum with a generate to maturity of 5.182%. The notes will be unsecured obligations of the Corporation and fully and unconditionally assured by Alexandria Authentic Estate Equities, L.P., an indirectly 100% owned subsidiary of the Firm. The closing of the sale of the notes is anticipated to take place on or about February 16, 2023, issue to customary closing situations.
The web proceeds from the 4.750% senior notes due 2035 will initially be made use of for basic company functions, which may possibly consist of the reduction of the remarkable harmony, if any, on the Company’s unsecured senior line of credit, the reduction of the excellent indebtedness, if any, below the Company’s business paper system, the repayment of other personal debt and the selective progress, redevelopment or acquisition of qualities. In addition, subsequent the preliminary allocation of the internet proceeds explained over, the Company will allocate an quantity equal to the web proceeds from the 4.750% senior notes because of 2035 to fund, in whole or in part, not too long ago done and long term suitable inexperienced initiatives, which are described as specified progress, redevelopment or tenant enhancement assignments that have acquired or are anticipated to receive Gold or Platinum LEED certification, like the improvement and redevelopment of these types of tasks.
The internet proceeds from the 5.150% senior notes thanks 2053 will be applied for basic doing work capital and other standard company reasons, which may possibly include the reduction of the outstanding balance, if any, on the Company’s unsecured senior line of credit, the reduction of the remarkable indebtedness, if any, beneath the Company’s business paper application, the repayment of other financial debt and the selective progress, redevelopment or acquisition of attributes.
The notes are becoming provided pursuant to an efficient registration statement on Form S-3 that was beforehand filed with the Securities and Exchange Fee. This push release does not represent an give to promote or the solicitation of an offer you to acquire any of the Firm’s notes, nor shall there be any sale of the notes in any point out in which these supply, solicitation or sale would be illegal prior to registration or qualification under the securities rules of any these types of point out.
Copies of the prospectus complement relating to this featuring, when readily available, may possibly be received by calling: Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Avenue, New York, NY 10282, by phone at (866) 471-2526, by fax at (212) 902-9316 or by email at [email protected] mail.gs.com BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, at 200 North College or university Street, 3rd Floor, Charlotte, NC 28255-0001 or by electronic mail at [email protected] Citigroup International Marketplaces Inc., Attn: Broadridge Money Answers, at 1155 Very long Island Avenue, Edgewood, NY 11717, by toll-free telephone at (800) 831-9146 or by electronic mail at [email protected] or RBC Capital Markets, LLC, Attn: Syndicate Operations, at 200 Vesey Avenue, 8th Ground, New York, NY 10281, by toll-no cost phone at (866) 375-6829, by fax at (212) 428-6308 or by e-mail at [email protected].
Alexandria, an S&P 500® enterprise, is a most effective-in-class, mission-driven lifetime science REIT generating a favourable and long lasting impression on the earth. As the pioneer of the everyday living science real estate niche considering the fact that its founding in 1994, Alexandria is the preeminent and longest-tenured proprietor, operator, and developer of collaborative lifetime science, agtech and technology campuses in AAA innovation cluster spots, which includes Bigger Boston, the San Francisco Bay Place, New York City, San Diego, Seattle, Maryland and Analysis Triangle.
This push release contains “ahead-looking statements” in the indicating of Portion 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Exchange Act of 1934, as amended. Such forward-hunting statements include, without the need of limitation, statements about the Firm’s offering of the notes and its supposed use of the proceeds. These forward-wanting statements are centered on the Firm’s current intent, beliefs or expectations, but forward-searching statements are not guaranteed to arise and could not occur. Real final results could differ materially from these contained in or implied by the Firm’s ahead-hunting statements as a end result of a assortment of aspects, which includes, without having limitation, the pitfalls and uncertainties in-depth in its filings with the Securities and Trade Commission. All ahead-on the lookout statements are manufactured as of the day of this push release, and the Company assumes no obligation to update this facts. For far more dialogue relating to risks and uncertainties that could bring about precise results to differ materially from those people anticipated in the Company’s forward-wanting statements, and hazards and uncertainties to the Company’s organization in general, you should refer to the Company’s filings with the Securities and Trade Commission, including its most latest annual report on Form 10-K and any subsequently submitted quarterly experiences on Type 10-Q.
Get hold of: Sara Kabakoff, Vice President – Strategic Communications, (626) 788-5578, [email protected]
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