ALEXANDRIA REAL ESTATE EQUITIES, INC. (ARE) Form 8-K — Aug 21, 2026
On August 21, 2026, Alexandria Real Estate Equities, Inc. issued and sold $1,000,000,000 aggregate principal amount of its 7.250% Series A Fixed-to-Fixed Reset Rate Junior Subordinated Notes due 2057 in a registered public offering off its Form S-3 shelf, priced at 100.000% of principal. The notes pay a fixed 7.250% until the first reset on February 15, 2032, then reset at the five-year U.S. Treasury rate plus a 2.889% spread with a 7.250% floor, with interest paid semi-annually beginning February 15, 2027; they mature on February 15, 2057 and are fully and unconditionally guaranteed on a subordinated unsecured basis by Alexandria Real Estate Equities, L.P.
Key figures
- Debt Amount
- 1000000000
- Interest Rate
- 7.250% fixed until the First Reset Date (February 15, 2032); thereafter Five-year U.S. Treasury Rate + 2.889% spread per Reset Period, subject to a 7.250% floor
- Maturity Date
- February 15, 2057
- Cusip
- 015271BG3
- Guarantee
- Full and unconditional subordinated unsecured guarantee by Alexandria Real Estate Equities, L.P.
- Reset spread
- 2.889%
- Offering price
- 100.000% of principal amount
- Prior takedowns
- ["$550,000,000 of 5.50% Senior Notes due 2035 issued February 13, 2025","$750,000,000 of 5.25% Senior Notes due 2036 issued February 25, 2026"]
- First reset date
- February 15, 2032
- Interest payment dates
- Semi-annually on February 15 and August 15, beginning February 15, 2027
- Interest deferral feature
- Company may defer interest; during any Optional Deferral Period, dividends and payments on junior/parity securities are restricted
- Redemption price rating agency event
- 102% of principal plus accrued interest
- Redemption price tax event or first reset
- 100% of principal plus accrued interest
Price after filing
Close on the filing date to close N calendar days later (from $53.49). Historical, not a forecast.
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