Alexandria Real Estate to sell senior notes in two parts Wednesday

By Aleesia Forni

Virginia Beach, July 9 – Alexandria Real Estate Equities, Inc. is tapping Wednesday’s market for a two-part offering of senior notes, according to a market source and a 424B5 filing with the Securities and Exchange Commission.

Bookrunners are J.P. Morgan Securities LLC, Barclays and Goldman Sachs & Co.

Proceeds will be used to prepay $100 million of a 2016 unsecured senior bank term loan and to reduce the outstanding balance of an unsecured senior line of credit.

The notes are guaranteed by Alexandria Real Estate Equities LP.

The real estate investment trust for life science labs is based in Pasadena, Calif.

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