Alexandria Real Estate Equities, Inc. Announces Pricing of Public Offering of $900,000,000 of Senior Notes due 2032 $850,000,000 of Senior Notes due 2051

PASADENA, California, February 3, 2021 / PRNewswire / – Alexandria Real Estate Equities, Inc. (“Alexandria“or the” Company “) (NYSE: ARE) announced today that it has reviewed a public offering from $ 900,000,000 Total Notional Amount of 2,000% Senior Notes Maturing 2032 and $ 850,000,000 Total face value of 3,000% of Senior Notes maturing in 2051 (the “Notes”). Goldman Sachs & Co. LLC, BofA Securities, Inc., Citigroup Global Markets Inc., JP Morgan Securities LLC, Evercore Group LLC, Mizuho Securities USA LLC, RBC Capital Markets, LLC, Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., US Bancorp Investments, Inc., Barclays Capital Inc. and BBVA Securities Inc. are acting as joint book-running managers in connection with the public offering and BNP Paribas Securities Corp., Capital One Securities, Inc., Fifth Third Securities, Inc., PNC Capital Markets LLC, Regions Securities LLC, TD Securities (USA) LLC and Truist Securities, Inc. are acting as co-managers in connection with the public offering.

The senior notes maturing in 2032 were valued at 99.691% of par with a yield to maturity of 2.031% and the senior notes maturing in 2051 were valued at 99.588% of par with a yield to maturity of 3.021%. The Notes are unsecured obligations of the Company and are fully and unconditionally guaranteed by Alexandria Real Estate Equities, LP, an indirectly wholly owned subsidiary of the Company. The completion of the sale of the Notes is expected to occur on or about the date February 18, 2021subject to the usual closing conditions.

The net proceeds of the 2,000% Senior Notes maturing in 2032 will initially be used to repurchase or redeem any outstanding 4,000% Senior Notes of the Company due in 2024 (the “2024 Notes”), in accordance with a tender offer announced separately today (the “Takeover Offer “), by withdrawal or otherwise. The Company will use the remainder of these proceeds, if any, for general corporate purposes, including reducing the balance outstanding on the Company’s unsecured senior credit line, if any, reducing the outstanding debt under the Company’s commercial paper, if any, under the Company’s repayment program other debts and for the selective development, renovation or acquisition of real estate. In addition, upon initial allocation of the net proceeds described above, the Company will allocate an amount equal to the net proceeds from the Senior Notes of 2,000% due by 2032 to fund all or part of recently completed and future eligible green projects . These are specific development, refurbishment or tenant improvement projects that have received or are expected to receive LEED Gold or Platinum certification, including the development and refurbishment of such projects. The 3,000% net proceeds from the 3,000% Senior Notes maturing in 2051 will be used for general working capital and other general corporate purposes, including reducing the balance outstanding on the Company’s unsecured senior credit line, if any, reducing any outstanding debt in relation to any indebtedness the company’s commercial paper program, repayment of other debt, and selective development, redevelopment or acquisition of real estate.

The Notes are being offered pursuant to an effective registration statement on Form S-3 previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s Notes, nor will any sale of the Notes be made in any state where such offer, solicitation or sale is unlawful prior to registration would be or qualify under the securities laws of such state.

Copies of the prospectus supplement to this offer, if available, are available from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by phone at (866) 471-2526, by fax at (212) 902-9316 or by email at: [email protected];; BofA Securities, Inc., NC1-004-03-43, Attn: Prospectus Department, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email to [email protected];; Citigroup Global Markets Inc. from Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll free at (800) 831-9146 or email at [email protected];; or JP Morgan Securities LLC, Attn: Investment Grade Syndicate Desk, 383 Madison Avenue, 3rd floor, New York, NY 10179 or by phone (pick up) at (212) 834-4533.

Alexandria, an S&P 500® urban office real estate investment fund, is the first, longest-standing, pioneering owner, operator, and developer to focus solely on collaborative life science, technology, and agtech locations at AAA innovation cluster locations concentrated. Founded in 1994, Alexandria Pioneered in this niche and has since built a significant market presence in key locations, including Greater Boston area, San Francisco, New York City, San Diego, Seattle, Maryland and research triangle.

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, statements regarding the Company’s offering of the Notes and the intended use of the proceeds. These forward-looking statements are based on the company’s current intentions, beliefs or expectations, but there is no guarantee that forward-looking statements will occur and they may not occur. Actual results could differ materially from the results contained or implied in the company’s forward-looking statements due to a number of factors including, but not limited to, the risks and uncertainties disclosed in filings with the Securities and Exchange Commission. All forward-looking statements speak as of the date of this press release and the company assumes no obligation to update this information. For more information about risks and uncertainties that could cause actual results to differ materially from those anticipated in the company’s forward-looking statements, and about risks and uncertainties affecting the company’s business in general, please refer to the company’s filings at the Securities and Exchange Commission including the most recent annual report on Form 10-K and any later quarterly reports on Form 10-Q.

CONTACT: Sara Kabakoff, Vice President Communications, (626) 788-5578, [email protected]

SOURCE Alexandria Real Estate Equities, Inc.

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