Alexandria repurchases $81.5 million of 3.7% convertibles in July

By Melissa Kory

Cleveland, July 28 - Alexandria Real Estate Equities, Inc. said it repurchased $81.5 million of its 3.7% convertible notes in July for about $82.7 million.

As a result of these repurchases, the company recognized an aggregate loss on early extinguishment of debt of $1.9 million.

As of July 27, $123.1 million of the convertibles was outstanding.

During the six months ended June 30, Alexandria repurchased about $96.1 million of the convertibles for $98.6 million. Alexandria recognized a loss on early extinguishment of debt of $2.5 million as a result of the repurchases.

Pasadena, Calif.-based Alexandria is a real estate investment trust focused on the ownership, management and acquisition of properties containing life science laboratory space.

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