PASADENA, Calif., Feb. 1, 2024
/PRNewswire/ -- Alexandria Real Estate Equities, Inc.
("Alexandria" or the "Company")
(NYSE: ARE) today announced that it is commencing an underwritten
public offering, subject to market conditions, of two tranches of
senior notes (the "notes"). Goldman Sachs & Co. LLC, BofA
Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and RBC Capital Markets, LLC will act as joint
book-running managers in connection with the public offering. The
notes will be unsecured obligations of the Company and fully and
unconditionally guaranteed by Alexandria Real Estate Equities,
L.P., an indirectly 100% owned subsidiary of the Company.
The Company expects the net proceeds from this offering will be
used for general working capital and other general corporate
purposes, which may include the reduction of the outstanding
balance, if any, on the Company's unsecured senior line of credit,
the reduction of the outstanding indebtedness, if any, under the
Company's commercial paper program, the repayment of other debt and
the selective development, redevelopment or acquisition of
properties.
The notes are being offered pursuant to an effective
registration statement on Form S-3 that was previously filed with
the Securities and Exchange Commission. This press release does not
constitute an offer to sell or the solicitation of an offer to buy
any of the Company's notes, nor shall there be any sale of the
notes in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state.
Copies of the prospectus supplement relating to this offering,
when available, may be obtained by contacting: Goldman Sachs &
Co. LLC, Attn: Prospectus Department, at 200 West Street,
New York, NY 10282, by toll-free
telephone at (866) 471-2526, by fax at (212) 902-9316 or by email
at prospectus-ny@ny.email.gs.com; BofA Securities, Inc., 201 North
Tryon Street, NC1-022-02-25, Charlotte
NC 28255-0001, Attn: Prospectus Department, Toll-free:
1-800-294-1322, E-mail: dg.prospectus_requests@bofa.com; Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, at 1155
Long Island Avenue, Edgewood, NY
11717, by toll-free telephone at (800) 831-9146 or by email at
prospectus@citi.com; J.P. Morgan Securities LLC, c/o Broadridge
Financial Solutions, Attn: Prospectus Department, 1155 Long Island
Avenue, Edgewood, NY 11717, or by
telephone: 1-866-803-9204; or RBC Capital Markets, LLC, Attn:
Syndicate Operations, at 200 Vesey Street, 8th Floor, New York, NY 10281, by toll-free telephone at
(866) 375-6829, by fax at (212) 428-6308 or by email at
rbcnyfixedincomeprospectus@rbccm.com.
About Alexandria Real Estate Equities,
Inc.
Alexandria, an S&P
500® company, is a best-in-class, mission-driven life
science REIT making a positive and lasting impact on the world. As
the pioneer of the life science real estate niche since its
founding in 1994, Alexandria is
the preeminent and longest-tenured owner, operator and developer of
collaborative life science, agtech and advanced technology mega
campuses in AAA innovation cluster locations, including
Greater Boston, the San Francisco Bay Area, New York City, San
Diego, Seattle,
Maryland and Research
Triangle.
Forward-Looking Statements
This press release includes
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Such forward-looking
statements include, without limitation, statements regarding the
Company's offering of the notes and its intended use of the
proceeds. These forward-looking statements are based on the
Company's present intent, beliefs or expectations, but
forward-looking statements are not guaranteed to occur and may not
occur. Actual results may differ materially from those contained in
or implied by the Company's forward-looking statements as a result
of a variety of factors, including, without limitation, the risks
and uncertainties detailed in its filings with the Securities and
Exchange Commission. All forward-looking statements are made as of
the date of this press release, and the Company assumes no
obligation to update this information. For more discussion relating
to risks and uncertainties that could cause actual results to
differ materially from those anticipated in the Company's
forward-looking statements, and risks and uncertainties to the
Company's business in general, please refer to the Company's
filings with the Securities and Exchange Commission, including its
most recent annual report on Form 10-K and any subsequently filed
quarterly reports on Form 10-Q.
CONTACT: Sara
Kabakoff, Senior Vice President – Chief Content Officer,
(626) 788-5578, skabakoff@are.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-announces-public-offering-of-senior-notes-302050025.html
SOURCE Alexandria Real Estate Equities, Inc.