Alexandria Real Estate Equities (ARE) closed an amended $5.0 billion unsecured senior line of credit. Maturity extended to January 2032. Borrowing rate cut 11 bps to SOFR plus 0.725%.
Facility size: $5.0 billion unsecured senior line of credit.
Maturity: extended to January 22, 2032 (assuming two six-month extension options).
Rate: SOFR plus 0.725%, down 11 bps from prior SOFR plus 0.835%.
Effective date: September 24, 2026.
Administrative agent: Citibank, N.A.
Joint lead arrangers and bookrunners include BofA Securities, JPMorgan Chase, Goldman Sachs, RBC Capital Markets, and others.
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