|8-KFeb 12, 4:45 PM ET

ALEXANDRIA REAL ESTATE EQUITIES, INC. 8-K

Research Summary

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Alexandria Real Estate Equities Sells $750M 5.25% Senior Notes Due 2036

What Happened
Alexandria Real Estate Equities, Inc. (the Company) announced it entered into an underwriting agreement on February 10, 2026 to sell $750,000,000 aggregate principal amount of 5.25% Senior Notes due 2036 (the Notes). The Notes will be fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P. The underwriting was led by Citigroup, BofA Securities, J.P. Morgan, Scotia Capital and TD Securities, and, subject to customary closing conditions, the underwriters expect to deliver the Notes to purchasers on or about February 25, 2026. The offering was made under the Company’s effective Form S-3 shelf registration.

Key Details

  • Offering amount: $750,000,000 aggregate principal of 5.25% Senior Notes due 2036.
  • Guarantor: Alexandria Real Estate Equities, L.P. provides a full, unconditional guarantee.
  • Underwriting agreement dated: February 10, 2026; expected settlement on or about February 25, 2026.
  • Underwriters (representatives): Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., TD Securities (USA) LLC.
  • Related filings: Press releases announcing the offering and pricing were issued February 10, 2026 and attached to the 8-K.

Why It Matters
This debt offering will increase the company’s long-term liabilities by $750 million at a fixed 5.25% interest rate and extends capital markets financing through 2036. For investors, the transaction affects Alexandria’s capital structure and interest expense profile—relevant when assessing credit risk, leverage and cash flow needs. The guarantee by the operating partnership may influence creditor protection and holders’ recovery priorities.