Alexandria Real Estate Equities, Inc. Announces Public Offering of Senior Notes
Alexandria Real Estate Equities (NYSE: ARE) has announced an underwritten public offering of senior notes. The notes will be unsecured obligations of the company and fully guaranteed by Alexandria Real Estate Equities, L.P., its indirectly owned subsidiary. Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan Securities, and RBC Capital Markets will serve as joint book-running managers.
The net proceeds will primarily be used to redeem or repay the company's 3.45% Senior Notes due April 30, 2025. Pending this use, funds will be invested in high-quality short-term securities or used for general working capital, including potential debt reduction, property development, redevelopment, or acquisitions.
Alexandria Real Estate Equities (NYSE: ARE) ha annunciato un'offerta pubblica sottoscritta di note senior. Le note saranno obbligazioni non garantite della società e completamente garantite da Alexandria Real Estate Equities, L.P., la sua controllata indiretta. Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan Securities e RBC Capital Markets agiranno come gestori congiunti delle prenotazioni.
I proventi netti saranno principalmente utilizzati per rimborsare o ripagare le note senior al 3,45% in scadenza il 30 aprile 2025. In attesa di questo utilizzo, i fondi saranno investiti in titoli a breve termine di alta qualità o utilizzati per il capitale circolante generale, inclusa la potenziale riduzione del debito, lo sviluppo immobiliare, la riqualificazione o le acquisizioni.
Alexandria Real Estate Equities (NYSE: ARE) ha anunciado una oferta pública garantizada de bonos séniores. Los bonos serán obligaciones no garantizadas de la empresa y estarán completamente garantizados por Alexandria Real Estate Equities, L.P., su subsidiaria indirectamente poseída. Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan Securities y RBC Capital Markets actuarán como gerentes conjuntos de libros.
Los ingresos netos se utilizarán principalmente para canjear o pagar los Bonos Séniores al 3,45% que vencen el 30 de abril de 2025. Mientras se espera este uso, los fondos se invertirán en valores de corto plazo de alta calidad o se utilizarán para capital de trabajo general, incluida la posible reducción de deuda, desarrollo de propiedades, rehabilitación o adquisiciones.
알렉산드리아 부동산 주식회사 (NYSE: ARE)는 선순위 채권의 공모를 발표했습니다. 해당 채권은 회사의 무담보 의무이며 알렉산드리아 부동산 주식회사 L.P.의 간접 소속 회사에 의해 전적으로 보증됩니다. 골드만 삭스, BofA 증권, 씨티그룹, JP모건 증권, RBC 캐피탈 마켓이 공동 북런닝 매니저로 활동할 것입니다.
순수익은 주로 2025년 4월 30일 만기 3.45% 선순위 채권을 상환하거나 지급하는 데 사용됩니다. 이 용도를 기다리는 동안, 자금은 고품질 단기 증권에 투자되거나 일반 운영 자본에 사용될 예정이며, 여기에는 잠재적인 부채 축소, 자산 개발, 재개발 또는 인수 등이 포함됩니다.
Alexandria Real Estate Equities (NYSE: ARE) a annoncé une offre publique souscrite de billets senior. Les billets seront des obligations non sécurisées de la société, entièrement garanties par Alexandria Real Estate Equities, L.P., sa filiale indirecte. Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan Securities et RBC Capital Markets agiront en tant que co-managers de la livre.
Les revenus nets seront principalement utilisés pour racheter ou rembourser les billets senior de 3,45 % arrivant à échéance le 30 avril 2025. En attendant cette utilisation, les fonds seront investis dans des titres à court terme de haute qualité ou utilisés pour le fonds de roulement général, y compris la réduction potentielle de la dette, le développement de biens, la réhabilitation ou les acquisitions.
Alexandria Real Estate Equities (NYSE: ARE) hat eine öffentlich platzierte Emission von Senior Notes angekündigt. Die Notes werden unbesicherte Verbindlichkeiten des Unternehmens sein und vollständig von Alexandria Real Estate Equities, L.P., seiner indirekt gehaltenen Tochtergesellschaft, garantiert. Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan Securities und RBC Capital Markets fungieren als gemeinsame Buchführer.
Die Nettoerlöse werden hauptsächlich verwendet, um die 3,45 % Senior Notes, die am 30. April 2025 fällig sind, einzulösen oder zurückzuzahlen. Bis zu diesem Einsatz werden die Mittel in hochwertige kurzfristige Wertpapiere investiert oder für das allgemeine Betriebskapital verwendet, einschließlich möglicher Schuldenreduzierung, Grundstücksentwicklung, Umwidmung oder Akquisitionen.
- Strategic debt management through refinancing of existing notes
- Strong backing from major financial institutions as joint book-running managers
- Flexible use of proceeds allowing for debt reduction and property development opportunities
- Additional debt obligation through new notes issuance
- Potential increase in interest expenses depending on new notes' terms
Insights
Alexandria Real Estate Equities' new senior notes offering represents a strategic debt refinancing move that merits attention. The timing is particularly noteworthy as it comes three months ahead of the April 2025 maturity of their
The selection of five premier investment banks as joint book-runners - Goldman Sachs, BofA Securities, Citigroup, J.P. Morgan and RBC Capital Markets - suggests strong institutional backing and potentially favorable pricing terms. This refinancing initiative offers several strategic advantages:
- Proactive debt management that reduces refinancing risk and potential market timing pressure
- Flexibility in capital allocation with the option to use excess proceeds for development and acquisitions
- Maintenance of liquidity through the commercial paper program and credit line options
The move aligns with ARE's position as a leading life science REIT, supporting their ongoing strategy of selective property development and acquisition in key markets. The fully guaranteed structure by their operating partnership enhances the notes' credit profile, which should appeal to fixed-income investors seeking quality corporate paper.
The Company expects the net proceeds from this offering will be used to redeem or repay at maturity all or a portion of the Company's
The notes are being offered pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company's notes, nor shall there be any sale of the notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street,
About Alexandria Real Estate Equities, Inc.
Alexandria, an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science innovation cluster locations, including
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the Company's offering of the notes and its intended use of the proceeds. These forward-looking statements are based on the Company's present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company's forward-looking statements, and risks and uncertainties to the Company's business in general, please refer to the Company's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
CONTACT: Sara Kabakoff, Senior Vice President – Chief Content Officer, (626) 788-5578, skabakoff@are.com
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SOURCE Alexandria Real Estate Equities, Inc.
FAQ
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