debt
confidence high
sentiment neutral
materiality 0.55
Alexandria prices $1B of 7.25% junior subordinated notes due 2057
ALEXANDRIA REAL ESTATE EQUITIES, INC.
- $1.0B aggregate principal of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 priced at 100%.
- Initial rate 7.250% through Feb 15, 2032; then 5-yr UST + 2.889% reset every 5 yrs, floor 7.250%.
- Net proceeds for general corporate purposes: pay down credit line, commercial paper, other debt, development/acquisitions.
- Closing expected Aug 21, 2026; guaranteed by Alexandria Real Estate Equities, L.P. on subordinated basis.