Alexandria Real Estate Equities (ARE) has released an update.
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Alexandria Real Estate Equities, Inc. has entered into an agreement with several top-tier underwriting firms to sell $1 billion in Senior Notes, split into two sets with varying interest rates and due dates of 2036 and 2054. These notes, backed by a solid guarantor, are expected to reach investors by mid-February 2024, following the company’s announcement and pricing details shared in recent press releases. This move signals a significant capital raise for the company through long-term debt instruments.
For further insights into ARE stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.
