Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $750,000,000 of Senior Notes due 2036

Core Viewpoint - Alexandria Real Estate Equities, Inc. has announced the pricing of a public offering of $750 million in senior notes due 2036, with a yield to maturity of 5.291% [1] Group 1: Offering Details - The company priced the senior notes at 99.679% of the principal amount [1] - The notes will be unsecured obligations of the company and fully guaranteed by Alexandria Real Estate Equities, L.P., a wholly owned subsidiary [1] - The closing of the sale is expected to occur on or about February 25, 2026, subject to customary closing conditions [1] Group 2: Use of Proceeds - The net proceeds from the notes are expected to be used to repay a portion of borrowings under the company's commercial paper program, specifically for the repurchase or redemption of approximately $952.2 million of certain series of outstanding senior unsecured notes [1] - Pending the use of proceeds, the company may invest in high-quality short-term securities or use the funds for general working capital and corporate purposes [1] Group 3: Underwriting and Management - Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, and several other firms are acting as joint book-running managers for the public offering [1] - Additional firms, including Barclays Capital Inc. and Capital One Securities, Inc., are serving as co-managers for the offering [1] Group 4: Company Background - Alexandria Real Estate Equities, Inc. is a leading life science REIT, founded in 1994, and is recognized for its role in developing collaborative ecosystems in major life science innovation clusters [1]