Alexandria Extends Credit Line to 2032
News related to:Alexandria Real Estate Equities, Inc · 3 min read
PASADENA, Calif., Sept. 28, 2026 /CourierPR/ -- Alexandria Real Estate Equities, Inc. has announced the successful closing of its amended and restated $5.0 billion unsecured senior line of credit, a strategic extension that further strengthens the company's long-term financial flexibility and reflects the enduring support of its longstanding banking partners. The amendment extends the maturity of the facility to January 2032 and reduces the applicable borrowing margin, reinforcing Alexandria's disciplined and proactive management of its strong and flexible balance sheet. The amended agreement became effective on September 24, 2026.
The amended agreement extends the maturity date of Alexandria's $5.0 billion unsecured senior line of credit from January 22, 2030 to January 22, 2032, assuming the company exercises its rights to extend the maturity date twice by an additional six months for each exercise, subject to certain conditions. The extension preserves Alexandria's substantial revolving credit capacity and advances the company's longstanding financial strategy to maintain significant liquidity, prudently ladder debt maturities, and preserve access to diverse sources of capital, providing critical financial capacity to execute across market cycles.
The amended agreement also reduces the applicable borrowing rate to SOFR plus 0.725%, representing an 11-basis-point reduction from the currently applicable rate of SOFR plus 0.835%.
Citibank, N.A. serves as administrative agent under the amended agreement. Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, RBC Capital Markets, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, TD Bank, N.A., The Bank of Nova Scotia, Truist Securities, Inc., and U.S. Bank National Association serve as joint lead arrangers and joint bookrunners.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With its founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City.
The amended agreement also reduces the applicable borrowing rate to SOFR plus 0.725%, representing an 11-basis-point reduction from the currently applicable rate of SOFR plus 0.835%.
Forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, strategic investments, partnerships, and support of charitable and community organizations; Alexandria's role in supporting tenants and companies in which it invests that are engaged in research and development in hematology and oncology; and the anticipated impact or benefits of these investments, partnerships, and support, including the expected impact of the missions, programs, and initiatives of the charitable and community organizations Alexandria supports. These forward-looking statements are based on Alexandria's present intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With its founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle, and New York City.
The amended agreement also reduces the applicable borrowing rate to SOFR plus 0.725%, representing an 11-basis-point reduction from the currently applicable rate of SOFR plus 0.835%.
Forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, strategic investments, partnerships, and support of charitable and community organizations; Alexandria's role in supporting tenants and companies in which it invests that are engaged in research and development in hematology and oncology; and the anticipated impact or benefits of these investments, partnerships, and support, including the expected impact of the missions, programs, and initiatives of the charitable and community organizations Alexandria supports. These forward-looking statements are based on Alexandria's present intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur.