Alexandria Real Estate issues $1B in senior notes: $500M at 4.750% due 2035, $500M at 5.150% due 2053

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Issued $500M 4.750% senior notes due April 15, 2035 and $500M 5.150% senior notes due April 15, 2053.
Notes are senior unsecured obligations, guaranteed by Alexandria Real Estate Equities, L.P., and rank equally with existing unsecured senior debt.
Interest payable semi-annually on April 15 and October 15, starting October 15, 2023.
Make-whole redemption provisions apply before Jan 15, 2035 (2035 notes) and before Oct 15, 2052 (2053 notes); after those dates, redeemable at par plus accrued interest.
Indenture includes customary covenants limiting mergers, asset sales, and incurrence of secured/unsecured debt.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ALEXANDRIA REAL ESTATE EQUITIES, INC. entered into Indenture and Supplemental Indentures No. 18 and No. 19 for 4.750% Senior Notes due 2035 and 5.150% Senior Notes due 2053 with Truist Bank as Trustee valued at $500,000,000 aggregate principal amount of 4.750% Senior Notes due 2035 and $500,000,000 aggregate p (effective 2023-02-16).

Action: entry
Agreement: notes offering
Counterparty: Truist Bank as Trustee
Value: $500,000,000 aggregate principal amount of 4.750% Senior Notes due 2035 and $500,000,000 aggregate p
Effective: 2023-02-16

Exact text from the filing

On February 16, 2023, Alexandria Real Estate Equities, Inc. (the “Company”) issued and sold $500,000,000 aggregate principal amount of the Company’s 4.750 % Senior Notes due 20 35 (the “2035 Notes”) and $500,000,000 aggregate principal amount of the Company’s 5.150 % Senior Notes due 20 53 (the “2053 Notes,” and together with the 2035 Notes, the “Notes”) in a registered public offering pursuant to an effective shelf registration statement on Form S-3 on file with the Securities and Exchange Commission.

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ALEXANDRIA REAL ESTATE EQUITIES, INC. filing history →

Source: SEC EDGAR

accession 0001104659-23-022816

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