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Alexandria Real Estate begins tender offer for 4% senior notes
By Taylor Fox
New York, Feb. 3 – Alexandria Real Estate Equities, Inc. commenced a cash tender offer for any and all of its $650 million outstanding 4% senior notes due 2024 (Cusip: 015271AM1) guaranteed by Alexandria Real Estate Equities, LP, according to a news release.
Holders who tender their notes will receive the tender offer consideration based on the 0.125% U.S. Treasury notes due Dec. 15, 2023 plus 20 basis points per $1,000 of notes tendered and accepted.
The pricing will be set at 2 p.m. ET on Feb. 9.
The notes tendered by notice of guaranteed delivery and accepted for purchase will be purchased on the third business day after the expiration time.
The offer will expire at 5 p.m. ET on Feb. 9.
The settlement date is expected to be Feb. 10.
Global Bondholder Services Corp. (866 924-2200, 212 430-3774; contact@gbsc-usa.com) is the tender and information agent, and Goldman Sachs & Co. LLC (212 902-6351; gs-lm-nyc@gs.com) is the dealer manager.
Alexandria is a Pasadena, Calif.-based owner and operator of real estate and technical infrastructure for the life science industry.
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