Alexandra Real Estate to repay unsecured line of credit via new notes

By Tali Rackner

Norfolk, Va., Nov. 5 – Alexandra Real Estate Equities, Inc. plans to reduce the outstanding balance on its unsecured senior line of credit with the proceeds from a new senior note offering, according to a press release.

The company said it may then also borrow from time to time under its unsecured senior line of credit to provide funds for general working capital and other corporate purposes, including the repayment of debt and selective development or redevelopment of properties.

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

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