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lexandria Real Estate Equities, Inc. (NYSE: ARE) announced the pricing of a public offering of $550 million in 5.50% senior notes due 2035. The joint book-running managers for the offering are Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and others. The co-managers include BBVA Securities Inc., BMO Capital Markets Corp., and several other firms.

    The notes were priced at 99.733% of the principal amount with a yield to maturity of 5.532%. They will be unsecured obligations of Alexandria Real Estate Equities, Inc. and fully guaranteed by its subsidiary, Alexandria Real Estate Equities, L.P. The closing of the sale is expected on or about February 13, 2025.

    The net proceeds from the notes will primarily be used to redeem or repay at maturity all or a portion of the Company's 3.45% Senior Notes due 2025. Any excess funds will be invested in high-quality short-term securities or used for general working capital and corporate purposes.

    The offering is being made pursuant to an effective registration statement on Form S-3 filed with the Securities and Exchange Commission. Copies of the prospectus supplement may be obtained from Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, or RBC Capital Markets, LLC.

    Alexandria Real Estate Equities, Inc. is a leading life science REIT that owns and operates collaborative Megacampus ecosystems in top innovation cluster locations. The Company has been recognized for its commitment to sustainability and community engagement.

    This press release includes forward-looking statements that are subject to various risks and uncertainties. Actual results may differ from those anticipated due to factors such as market conditions, regulatory changes, and other business risks.