Alexandria Real Estate Equities prices USD 1 billion junior subordinated notes offering
ARE•USD 1 billion junior subordinated notes offering priced
Alexandria Real Estate Equities priced a USD 1 billion public offering of 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057.
- Notes priced at 100% of principal.
- Coupon set at 7.25% to Feb. 15, 2032.
- Rate resets every five years to the five-year U.S. Treasury Rate plus 2.889%, subject to a 7.25% floor.
- Closing expected around Aug. 21, 2026.
