PASADENA, Calif., Feb. 10, 2026 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") $(ARE)$ today announced the results to date of its previously announced cash tender offers (the "Tender Offers") to purchase a portion of the Company's outstanding 3.000% Senior Notes due 2051 (the "2051 Notes"), 3.550% Senior Notes due 2052 (the "2052 Notes") and 4.000% Senior Notes due 2050 (the "2050 Notes", and, together with the 2051 Notes and the 2052 Notes, the "Notes" and, each series, a "series of Notes"), upon the terms and subject to the conditions set forth in the Offer to Purchase, dated January 27, 2026 (the "Offer to Purchase"). The Notes are fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. (the "Guarantor"). The Company also announced that it is increasing the Aggregate Maximum Tender Amount (as defined in the Offer to Purchase) in order to accept all of the Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Date (as defined below).
According to information received from Global Bondholder Services Corporation, the depositary and information agent for the Tender Offers, as of 5:00 p.m., New York City time, on February 9, 2026 (the "Early Tender Date"), the Company had received valid tenders from the registered holders (the "Holders") of the Notes that were not validly withdrawn as set forth in the table below.
Aggregate
Aggregate Principal
Principal Amount
Amount Acceptance Tendered at
CUSIP Number Outstanding Priority Level the Early
Title of Notes (1) (2) (3) Tender Date
--------------- ------------- -------------- -------------- --------------
3.000% Senior
Notes due
2051 015271 AX7 $850,000,000 1 $497,602,000
3.550% Senior
Notes due
2052 015271 AZ2 $1,000,000,000 2 $524,594,000
4.000% Senior
Notes due
2050 015271 AS8 $700,000,000 3 $309,199,000
____________________
(1) No representation is made as to the correctness or accuracy of the CUSIP
Numbers listed in this press release or printed on the Notes. They are
provided solely for the convenience of the Holders of the Notes.
(2) As of January 27, 2026.
(3) Subject to the Aggregate Maximum Tender Amount and proration, the
principal amount of each series of Notes that is purchased in the Tender
Offers will be determined in accordance with the applicable Acceptance
Priority Level (in numerical priority order with 1 being the highest
Acceptance Priority Level and 3 being the lowest) specified in this
column.
The determination of the Total Consideration (as defined in the Offer to Purchase) will occur at 10:00 a.m., New York City time, on February 10, 2026.
Although the Tender Offers are scheduled to expire at 5:00 p.m., New York City time, on February 25, 2026, because the aggregate principal amount of all Notes validly tendered and not validly withdrawn by the Early Tender Date is equal to the Aggregate Maximum Tender Amount, the Company does not expect to accept for purchase any tenders of Notes after the Early Tender Date. Any Notes tendered after the Early Tender Date will be promptly credited to the account of the registered holder of such Notes maintained at the Depository Trust Company and otherwise returned in accordance with the Offer to Purchase.
Full details of the terms and conditions of the Tender Offers are described in the Offer to Purchase, which was sent by the Company to Holders of the Notes. Holders of the Notes are encouraged to read the Offer to Purchase as it contains important information regarding the Tender Offers. The Company's obligation to accept for purchase, and to pay for, the Notes validly tendered pursuant to the Tender Offers is subject to, and conditioned upon, among other things, the satisfaction or waiver of the Financing Conditions (as defined in the Offer to Purchase).
The Company has retained Citigroup Global Markets Inc., Barclays Capital Inc. and J.P. Morgan Securities LLC to serve as Lead Dealer Managers for the Tender Offers and Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Mizuho Securities USA LLC, SMBC Nikko Securities America, Inc., U.S. Bancorp Investments, Inc. and BofA Securities, Inc. as Co-Dealer Managers for the Tender Offers. Global Bondholder Services Corporation has been retained to serve as the Depositary and Information Agent for the Tender Offers. Questions regarding the Tender Offers may be directed to Citigroup Global Markets Inc. at 388 Greenwich Street, New York, New York 10013, (800) 558-3745, Barclays Capital Inc. at 745 Seventh Avenue, 5(th) Floor, New York, New York 10019, (800) 438-3242, and J.P. Morgan Securities LLC, 270 Park Avenue, New York, New York 10017, (866) 834-4666. Requests for the Offer to Purchase may be directed to Global Bondholder Services Corporation at 65 Broadway -- Suite 404, New York, New York 10006, Attn: Corporate Actions, (212) 430-3774 (for banks and brokers) or (855) 654-2014 (for all others). The Company is making the Tender Offers only by, and pursuant to, the terms of the Offer to Purchase. None of the Company, the Guarantor, the Lead Dealer Managers, the Co-Dealer Managers or the Depositary and Information Agent make any recommendation as to whether Holders should tender or refrain from tendering their Notes. Holders must consult their own investment and tax advisors and make their own decisions as to whether to tender their Notes and, if so, the principal amount of the Notes to tender. The Tender Offers are not being made to holders of the Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction in which the securities laws or blue sky laws require the Tender Offers to be made by a licensed broker or dealer, the Tender Offers will be deemed to be made on behalf of the Company by the Lead Dealer Managers, or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Alexandria Real Estate Equities, Inc.
Alexandria, an S&P 500$(R)$ 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$(TM)$ ecosystems in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle and New York City.
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 timing and consummation of the purchase of the Notes, risks and uncertainties related to the satisfaction of the Financing Condition and other conditions related to the purchase of the Notes. 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: Joel Marcus, Executive Chairman & Founder, (626) 578-0777, jmarcus@are.com
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SOURCE Alexandria Real Estate Equities, Inc.
(END) Dow Jones Newswires
February 10, 2026 08:00 ET (13:00 GMT)