PASADENA, Calif., Feb. 10, 2021 /PRNewswire/ — Alexandria Actual Property Equities, Inc. (“Alexandria” or the “Firm”) (NYSE: ARE) in the present day introduced its intention to redeem all of its excellent 4.000% Senior Notes due 2024 (CUSIP No. 015271 AM1) (the “Notes”), pursuant to its choice underneath the Indenture, dated as of March 3, 2017 (the “Base Indenture”), by and among the many Firm, Alexandria Actual Property Equities, L.P., as guarantor (the “Guarantor”), and Truist Financial institution (f/ok/a Department Banking and Belief Firm), as trustee (the “Trustee”), as amended and supplemented by Supplemental Indenture No. 3, dated as of June 21, 2018, by and among the many Firm, the Guarantor and the Trustee, and Supplemental Indenture No. 7, dated as of March 21, 2019, by and among the many Firm, the Guarantor and the Trustee. The redemption date is March 12, 2021 (the “Redemption Date”), and the redemption value is the same as par plus a make-whole premium, plus accrued and unpaid curiosity thereon, to, however not together with, the Redemption Date, in accordance with the phrases of the Notes. As of the date hereof, there was $64,603,000 combination principal quantity of the Notes excellent, together with Notes tendered pursuant to a Discover of Assured Supply (as outlined within the Firm’s Provide to Buy, dated February 3, 2021 (the “Provide to Buy”) which are meant to be bought on the Assured Supply Settlement Date (as outlined within the Provide to Buy).
Alexandria, an S&P 500® city workplace actual property funding belief, is the primary, longest-tenured and pioneering proprietor, operator and developer uniquely targeted on collaborative life science, expertise and agtech campuses in AAA innovation cluster areas. Based in 1994, Alexandria pioneered this area of interest and has since established a big market presence in key areas, together with Better Boston, San Francisco, New York Metropolis, San Diego, Seattle, Maryland and Analysis Triangle.
This press launch consists of “forward-looking statements” inside the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. Such forward-looking statements embrace, with out limitation, statements concerning timing and consummation of the acquisition of Notes and dangers and uncertainties associated to market situations and satisfaction of customary closing situations associated to the acquisition of Notes. These forward-looking statements are primarily based on the Firm’s current intent, beliefs or expectations, however forward-looking statements usually are not assured to happen and will not happen. Precise outcomes could differ materially from these contained in or implied by the Firm’s forward-looking statements on account of quite a lot of components, together with, with out limitation, the dangers and uncertainties detailed within the Provide to Buy and within the Firm’s filings with the Securities and Alternate Fee. All forward-looking statements are made as of the date of this press launch, and the Firm assumes no obligation to replace this data. For extra dialogue regarding dangers and uncertainties that would trigger precise outcomes to vary materially from these anticipated within the Firm’s forward-looking statements, and dangers and uncertainties to the Firm’s enterprise on the whole, please check with the Firm’s filings with the Securities and Alternate Fee, together with its most up-to-date annual report on Kind 10-Ok and any subsequently filed quarterly stories on Kind 10-Q.
CONTACT: Sara Kabakoff, Vice President – Communications, (626) 788-5578, [email protected]
SOURCE Alexandria Actual Property Equities, Inc.