Financing ·
On August 21, 2026, Alexandria Real Estate Equities, Inc. issued $1,000,000,000 in aggregate principal amount of its…
AREAlexandria Real Estate Equities, Inc.
On August 21, 2026, Alexandria Real Estate Equities, Inc. issued $1,000,000,000 in aggregate principal amount of its 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 through a registered public offering under an effective Form S-3 shelf registration statement. The notes bear interest at 7.250% annually until the First Reset Date on February 15, 2032, after which the rate resets to the five-year U.S. Treasury Rate plus a spread of 2.889%, with a floor of 7.250%. Interest is payable semi-annually in arrears on February 15 and August 15, beginning February 15, 2027. The notes are fully guaranteed by Alexandria Real Estate Equities, L.P., rank junior to senior debt, and mature on February 15, 2057. This real estate investment trust specializes in the acquisition, development, and management of life science and technology properties.