Alexandria issues $1B of 7.25% junior notes due 2057

ALEXANDRIA REAL ESTATE EQUITIES, INC.

Sold $1,000,000,000 aggregate principal of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.
Interest at 7.250% until Feb 15, 2032, then 5-yr Treasury + 2.889%, floored at 7.250%; semi-annual payments.
Notes mature Feb 15, 2057, subordinated unsecured, guaranteed by Alexandria Real Estate Equities, L.P.
Company may redeem at 100% on/after 90 days before First Reset Date or 102% within 120 days of a Rating Agency Event.

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