Alexandria Real Estate to prepay bank term loan via note offering

By Tali Rackner

Norfolk, Va., July 9 – Alexandria Real Estate Equities, Inc. said it will partially prepay $100 million on its 2016 unsecured senior bank term loan and reduce the outstanding balance on its unsecured senior line of credit with the proceeds from a senior notes offering, according to a press release.

The company may also borrow under its unsecured line of credit from time to time to provide funds for general working capital and other corporate purposes, including the repayment of debt and selective development or redevelopment of science and technology urban campus assets.

Alexandria is a Pasadena, Calif.-based owner and operator of real estate and technical infrastructure for the life science industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.