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Alexandria Real Estate starts any and all tender for 3.9% notes
By Taylor Fox
Chicago, July 29 – Alexandria Real Estate Equities, Inc. began a tender offer for any and all of its 3.9% notes due 2023 (Cusip: 015271AD1) on Wednesday.
The notes are guaranteed by Alexandria Real Estate Equities, LP.
As of July 28, there was $500 million aggregate principal amount of the notes outstanding, according to a news release.
The purchase price per $1,000 principal amount of notes validly tendered and accepted for purchase will be determined at 2 p.m. ET on Aug. 4 using the 0.25% U.S. Treasury due June 15, 2023 plus a fixed spread of 30 basis points.
The offer will expire at 5 p.m. ET on Aug. 4, which is also the withdrawal deadline.
Settlement is expected on Aug. 5.
The tender offer is subject to a financing condition.
Global Bondholder Services Corp. (866 924-2200, http://www.gbsc-usa.com/ARE) is the information agent and tender agent.
J.P. Morgan Securities LLC (866 834-4666, 212 834-3424) is the dealer manager.
Alexandria is a Pasadena, Calif.-based urban office real estate investment trust focused on life science and technology campuses.
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