PASADENA, Calif., Jan. 30,
2025 /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
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 to redeem or repay at maturity all or a portion of the
Company's 3.45% Senior Notes due 2025, which mature on April 30, 2025. Pending such use, the Company
will invest the net proceeds in high-quality short-term securities
and/or will use such proceeds temporarily 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. Any net proceeds
received from the sale of the notes in excess of the amount
necessary to redeem or repay at maturity the 3.45% Senior Notes due
2025 will be used for general working capital and other general
corporate purposes, as described above.
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, 1155 Long
Island Avenue, Edgewood, NY 11717,
telephone: 1-800-831-9146 or email: prospectus@citi.com; J.P.
Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY
11717 or by email at prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com; 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.
With our founding in 1994, Alexandria pioneered the life science real
estate niche. Alexandria is the
preeminent and longest-tenured owner, operator and developer of
collaborative Megacampus™ ecosystems in AAA life science
innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York
City. For more information, please visit www.are.com.
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
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SOURCE Alexandria Real Estate Equities, Inc.
