Alexandria Real Estate Equities Raises $1 Billion in Public Offering

By Philip Seaworth • Sunday, August 16 13:01 • Permanent Link

Alexandria Real Estate Equities priced a $1.0 billion public offering of 7.250% senior-style junior subordinated notes due 2057, marking a fresh capital raise at a fixed initial coupon of 7.250%.

The notes were priced at 100.000% of principal and will pay 7.250% annually through Feb. 15, 2032. After that date, the rate resets every five years to the five-year U.S. Treasury rate plus 2.889%, with a 7.250% floor.

The company expects to close the sale on or about Aug. 21, 2026.

Alexandria said it plans to use the proceeds for general corporate purposes, including working capital, reducing any borrowings on its unsecured senior line of credit, paying down commercial paper, repaying other debt, and funding selective development, redevelopment or acquisitions.

The notes will be junior subordinated unsecured obligations of the company and will be fully and unconditionally guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P., its indirectly 100%-owned subsidiary. Following these announcements, the company's shares moved -0.58%, and are now trading at a price of $48.14. Check out the company's full 8-K submission here.

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