ARE · Alexandria Real Estate Equities, Inc.

Summary

Alexandria Real Estate Equities, Inc. entered into an underwriting agreement on February 10, 2026, for the sale of $750,000,000 aggregate principal amount of 5.25% Senior Notes due 2036, fully guaranteed by Alexandria Real Estate Equities, L.P., with expected delivery on or about February 25, 2026. The net proceeds are expected to repay borrowings under the commercial paper program related to a cash tender offer for $952,202,784.40 of outstanding senior unsecured notes.

Key takeaways

• Underwriting agreement dated February 10, 2026 with Citigroup Global Markets Inc., BofA Securities, Inc., J.P. Morgan Securities LLC, Scotia Capital (USA) Inc., and TD Securities (USA) LLC as representatives
• Issuance of $750,000,000 5.25% Senior Notes due 2036, priced at 99.679% of principal with yield to maturity of 5.291%
• Notes fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P.
• Closing expected on or about February 25, 2026, subject to customary conditions
• Net proceeds to repay commercial paper borrowings for tender offer repurchase/redemption of $952,202,784.40 tender offer notes
• Press releases issued February 10, 2026 announcing the offering and pricing (Exhibits 99.1 and 99.2)