Alexandria to issue fixed-rate senior notes via four bookrunners

By Devika Patel

Knoxville, Tenn., July 29 – Alexandria Real Estate Equities, Inc. plans to price dollar-denominated fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes are guaranteed by Alexandria Real Estate Equities, LP.

The notes feature a make-whole call and then a par call.

J.P. Morgan Securities LLC, Goldman Sachs & Co. LLC, Mizuho Securities USA Inc. and RBC Capital Markets Corp. are the bookrunners.

Proceeds will be used to fund a cash tender offer for any and all of the company’s 3.9% senior notes due 2023, for pending and recently completed acquisitions and construction of highly leased development and redevelopment projects and general working capital and other corporate purposes, including the reduction of the outstanding balance on the company’s primary unsecured senior line of credit, the reduction of the outstanding balance on its new unsecured senior line of credit and the reduction of the outstanding debt under its commercial paper program.

Pasadena, Calif.-based Alexandria Real Estate Equities is a real estate investment trust focused on life science and technology campuses.

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