Alexandria Real Estate Equities Prices $1 Billion Debt Offering

MT Newswires Live

08/13

Alexandria Real Estate Equities (ARE) priced a public offering of $1 billion worth of 7.250% series A fixed-to-fixed reset rate junior subordinated notes due 2057 at 100% of principal, the company said Wednesday.

The sale is expected to close around Aug. 21.

The company plans to use net proceeds from the notes for general corporate purposes, the company said.

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