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Alexandria Real Estate Equities wraps up $850M debt offering

Alexandria Real Estate Equities Inc. closed its $850.0 million, three-tranche offering of senior notes on March 21.

The office real estate investment trust issued and sold $200.0 million of its 4.000% senior notes due Jan. 15, 2024; $350.0 million of its 3.800% senior notes due April 15, 2026; and $300.0 million of its 4.850% senior notes due April 15, 2049. Interest is payable semiannually in arrears every Jan. 15 and July 15 for the 2024 notes, starting July 15, and every April 15 and Oct. 15 for both the 2026 and 2049 notes, beginning Oct. 15.

Branch Banking and Trust Co. was the trustee for the notes.