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Alexandria Real Estate Equities prices $1B notes at 7.25% to fund corporate needs and debt reduction

Company Fundamentals
12 Aug 2026
PRNewsWire
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Alexandria Real Estate Equities announced a $1 billion public offering of 7.25% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057. The notes will initially bear 7.25% interest until 2032, then reset every five years based on the five-year U.S. Treasury Rate plus 2.889%, with a floor of 7.25%. Proceeds will be used for general corporate purposes including working capital, debt reduction, and property development. The sale is expected to close around August 21, 2026, subject to customary conditions.

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