PASADENA, Calif., Jan. 30, 2025 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced that it has priced a public offering of $550,000,000 aggregate principal amount of 5.50% senior notes due 2035 (the “notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Barclays Capital Inc., Mizuho Securities USA LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are acting as joint book-running managers in connection with the public offering, and BBVA Securities Inc., BMO Capital Markets Corp., BNP Paribas Securities Corp., Capital One Securities, Inc., Evercore Group L.L.C., Fifth Third Securities, Inc., Huntington Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, Samuel A. Ramirez & Company, Inc. and Truist Securities, Inc. are acting as co-managers in connection with the public offering.
The notes were priced at 99.733% of the principal amount with a yield to maturity of 5.532%. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company. The closing of the sale of the notes is expected to occur on or about February 13, 2025, subject to customary closing…