Financing ·
Alexandria Real Estate Equities, Inc. priced a public offering of $1,000,000,000 aggregate principal amount of 7.250%…
AREAlexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. priced a public offering of $1,000,000,000 aggregate principal amount of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 on August 12, 2026. The notes were sold at par (100.000%) and bear interest at 7.250% annually through February 15, 2032, resetting thereafter based on the five-year U.S. Treasury Rate plus a spread of 2.889%, subject to a floor of 7.250%. The offering is underwritten by J.P. Morgan Securities LLC and other major banks, with closing expected around August 21, 2026. Proceeds are intended for general corporate purposes, including debt repayment and property acquisitions. Alexandria Real Estate Equities, Inc. operates as a life science real estate investment trust (REIT), specializing in the ownership, operation, and development of collaborative ecosystems in innovation clusters.