Alexandria Real Estate enters escrow for $5B credit facility replacing existing agreement

ALEXANDRIA REAL ESTATE EQUITIES, INC.

$5B unsecured senior revolving credit facility with $1B accordion option to increase commitments.
Margin at closing: Floating Rate/Daily RFR + 0.855% (incl. 10 bps credit spread adjustment and 2 bps sustainability reduction).
Maturity expected Jan 22, 2030, with two six-month extension options subject to conditions.
Conditions for effectiveness include termination of existing credit agreement; expected satisfaction by Oct 1, 2024.
Joint lead arrangers: Citibank, BofA, JPMorgan, Goldman Sachs, RBC, Scotiabank, Mizuho, Barclays, SMBC, TD, U.S. Bank.

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