debt
confidence high
sentiment neutral
materiality 0.60
Alexandria RE prices $550M 5.50% senior notes due 2035; proceeds to refinance 2025 debt
ALEXANDRIA REAL ESTATE EQUITIES, INC.
- Priced $550M aggregate principal amount of 5.50% senior notes due 2035 at 99.733% of par (yield 5.532%).
- Closing expected on or about February 13, 2025, subject to customary conditions.
- Net proceeds to redeem or repay at maturity the 3.45% Senior Notes due April 30, 2025.
- Goldman Sachs, BofA, Citi, J.P. Morgan, RBC lead the offering as joint book-running managers.