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Alexandria REIT tenders for $950 million of 2¾% notes due 2020, 4.6% notes due 2022
By Rebecca Melvin
New York, July 8 – Alexandria Real Estate Equities Inc. is launching a tender offer for all of its outstanding $400 million 2¾% notes due 2020 and $550 million of its 4.6% notes due 2022, according to a company release on Monday.
The 2020 senior notes are being redeemed at a fixed spread of 20 basis points over the reference U.S. Treasury bond and the 2022 senior notes are being redeemed at a fixed spread of 40 bps over the reference U.S. Treasury.
Holders must tender the notes before 5 p.m. ET on July 12.
The validly tendered notes will receive accrued and unpaid interest to but not including the settlement date July 15.
Global Bondholder Services Corp. (866 924 2200 or http://www.gbsc-usa.com/ARE) has been retained as the tender agent and information agent for the offer, and Goldman Sachs & Co. LLC (800 828 3182, toll-free or 212 902 6941, collect) has been retained as the dealer manager.
The Pasadena, Calif.-based REIT focuses on properties with life science laboratory space.
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