pasadena, california, February 2, 2023 /PRNewswire/ — Alexandria Real Estate Equities (“Alexandriaor the “Company”) (NYSE: ARE) today announced the commencement of an underwriting public offering of two tranches of senior notes (the “Notes”), subject to market conditions. Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., and RBC Capital Markets, LLC act as joint bookrunning managers in connection with the public offering. , is fully and unconditionally insured by Alexandria Real Estate Equities. LP is an indirect wholly owned subsidiary of the Company.
We expect the net proceeds from the first tranche of this offering to be used initially for general corporate purposes. This may include reducing outstanding balances on our senior unsecured lines of credit, reducing outstanding debt. , repayment of other debt, if any, and selective development, redevelopment or acquisition of real estate under our commercial paper program. In addition, following the initial allocation of net proceeds described above, the Company intends to allocate an amount equal to the net proceeds from the first tranche to recently completed future eligible green projects, in whole or in part. Certain development, redevelopment, or tenant improvement projects that have achieved or will achieve Gold or Platinum LEED certification, including the development and redevelopment of such projects. Net proceeds from the second tranche of this offering will be used for general working capital and other general corporate purposes. repayment of debt under our commercial paper program, other debt, and selective development, redevelopment or acquisition of properties;
The Notes are offered pursuant to a valid registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s Notes, and no sale of the Notes will be made in any State where such offer, solicitation or sale prior to registration would be unlawful. or qualification under such state securities laws.
A copy of the prospectus supplement relating to this offering, if available, may be obtained from the contact details below. Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, new york, new york 10282, Phone (866) 471-2526, Fax (212) 902-9316, Email [email protected]BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, at 200 North College Street, 3rd Floor, Charlotte, North Carolina 28255-0001 or email [email protected]; Citigroup Global Markets Inc., Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, toll-free (800) 831-9146, or email: [email protected]or RBC Capital Markets, LLC, Attn: Syndicate Operations, at 200 Vesey Street, 8th Floor, new york, new york 10281, Toll Free (866) 375-6829, Fax (212) 428-6308, Email: [email protected].
AlexandriaS&P 500® The company is a best-in-class, mission-oriented life sciences REIT with a positive and lasting impact on the world. Alexandria is the preeminent owner, operator and developer of joint life sciences, agtech and technology campuses in AAA innovation cluster locations including: Greater Boston, San Francisco Bay Area, new york city, San Diego, Seattle, Maryland and Research Triangle.
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, but are not limited to, statements regarding the company’s issuance of bonds and intended use of the proceeds. Although these forward-looking statements are based on our current intentions, beliefs or expectations, forward-looking statements are not guaranteed to occur and may not occur. Actual results may be included in our forward-looking statements as a result of a variety of factors, including, but not limited to, the risks and uncertainties detailed in our Securities and Exchange Commission filings; It may differ significantly from what is suggested. All forward-looking statements are made as of the date of this press release, and we undertake no obligation to update this information. For more information regarding the risks and uncertainties that could cause our actual results to differ materially from those projected in our forward-looking statements, and for our business generally, please see the U.S. Securities and Exchange Commission. Please refer to our submissions to This includes the most recent annual report on Form 10-K and subsequent quarterly reports on Form 10-Q.
contact: Sarah KabakovVice President – Strategic Communications, (626) 788-5578, [email protected]
Source Alexandria Real Estate Equities
