News Archive
03/12/2019 | 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.
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- $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.