Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $550,000,000 of Senior Notes due 2035

Core Viewpoint - Alexandria Real Estate Equities, Inc. has announced a public offering of $550 million in senior notes with a 5.50% interest rate, maturing in 2035, to refinance existing debt and for general corporate purposes [1][2][3] Group 1: Offering Details - The notes are priced at 99.733% of the principal amount, yielding 5.532% to maturity [2] - The offering is managed by a consortium of financial institutions including Goldman Sachs, BofA Securities, and Citigroup [1] - The closing of the sale is expected around February 13, 2025, subject to customary conditions [2] Group 2: Use of Proceeds - Net proceeds will be used to redeem or repay the Company's 3.45% Senior Notes due April 30, 2025 [3] - Any excess proceeds will be allocated for general working capital and corporate purposes, including debt repayment and property development [3] Group 3: Company Background - Alexandria is a leading life science REIT, established in 1994, focusing on collaborative ecosystems in major life science innovation clusters [6] - The company is recognized as a best-in-class operator and developer in the life science real estate sector [6]