Alexandria Real Estate (ARE) prices $850 million senior note offering.
Alexandria Realty Estate Equities (ARE) has priced a three-part offering of senior notes with a total maturity value of $850 million.
    • $200 million re-opening of the 4.000% senior notes due 2024 at a spread of T+105.  The upsized issue now totals $650 million.
    • $350 million offering of 3.800% senior notes due 2026 at a spread of T+132.
    • $300 million offering of 4.850% senior notes due 2049 at a spread of T+187.
The notes are being guaranteed by Alexandria Real Estate Equities, L.P., the company's principal operating subsidiary.  ARE is rated Baa1 by Moody's and BBB+ by S&P.
03/12/2019