0001104659-20-037328.txt : 20200323 0001104659-20-037328.hdr.sgml : 20200323 20200323163517 ACCESSION NUMBER: 0001104659-20-037328 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200323 DATE AS OF CHANGE: 20200323 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Alexandria Real Estate Equities, L.P. CENTRAL INDEX KEY: 0001542693 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954705259 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-222136-01 FILM NUMBER: 20735290 BUSINESS ADDRESS: STREET 1: 385 EAST COLORADO BOULEVARD STREET 2: SUITE 299 CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: 626-578-0777 MAIL ADDRESS: STREET 1: 385 EAST COLORADO BOULEVARD STREET 2: SUITE 299 CITY: PASADENA STATE: CA ZIP: 91101 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ALEXANDRIA REAL ESTATE EQUITIES, INC. CENTRAL INDEX KEY: 0001035443 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 954502084 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: 26 NORTH EUCLID AVENUE CITY: PASADENA STATE: CA ZIP: 91101 BUSINESS PHONE: 6265780777 MAIL ADDRESS: STREET 1: 26 NORTH EUCLID AVENUE CITY: PASADENA STATE: CA ZIP: 91101 FORMER COMPANY: FORMER CONFORMED NAME: ALEXANDRIA REAL ESTATE EQUITIES INC DATE OF NAME CHANGE: 19970311 FWP 1 a20-12803_3fwp.htm FWP

 

Filed Pursuant to Rule 433
Issuer Free Writing Prospectus
Registration File Nos: 333-222136 and 333-222136-01

 

Alexandria Real Estate Equities, Inc.

 

Fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P.

 

This pricing term sheet supplements Alexandria Real Estate Equities, Inc.’s preliminary prospectus supplement, dated March 23, 2020 (the “Preliminary Prospectus Supplement”), including the documents incorporated by reference therein, relating to this offering, and supersedes the information in the Preliminary Prospectus Supplement to the extent inconsistent with the information in the Preliminary Prospectus Supplement.  In all other respects, this pricing term sheet is qualified in its entirety by reference to the Preliminary Prospectus Supplement.

 

 

Final Terms and Conditions Applicable to

$700,000,000 4.900% Senior Notes due 2030

 

Issuer:

 

Alexandria Real Estate Equities, Inc.

 

 

 

Security Description:

 

4.900% Senior Notes due 2030

 

 

 

Guarantee/Guarantor:

 

Fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P.

 

 

 

Expected Ratings:*

 

Moody’s: Baa1 / S&P: BBB+

 

 

 

Size:

 

$700,000,000

 

 

 

Maturity Date:

 

December 15, 2030

 

 

 

Price to Public:

 

99.933%

 

 

 

Interest Rate:

 

4.900% per annum

 

 

 

Yield to Maturity:

 

4.909%

 

 

 

Spread to Benchmark Treasury:

 

T+415 basis points

 

 

 

Benchmark Treasury:

 

1.500% due February 15, 2030

 

 

 

Benchmark Treasury Price and Yield:

 

107-01+ / 0.759%

 

 

 

Interest Payment Dates:

 

Each June 15 and December 15, beginning on June 15, 2020

 

 

 

Optional Redemption:

 

The redemption price for notes that are redeemed before September 15, 2030 (three months prior to the stated maturity date of the notes) will be equal to the sum of (i) 100% of the principal amount of the notes being redeemed, (ii) accrued and unpaid interest thereon, if any, to, but excluding, the date of redemption, and (iii) a make-whole amount of T+50 bps.

 

 

 

 

 

The redemption price for notes that are redeemed on or after September 15, 2030 will be equal to the sum of 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest thereon.

 

 

 

Joint Book-Running Managers:

 

Citigroup Global Markets Inc.
BofA Securities, Inc.
Goldman Sachs & Co. LLC
J.P. Morgan Securities LLC

 

 

Co-Managers:

 

Barclays Capital Inc.
BBVA Securities Inc.
Capital One Securities, Inc.
Evercore Group L.L.C.
Mizuho Securities USA LLC
RBC Capital Markets, LLC
Regions Securities LLC
Scotia Capital (USA) Inc.
SMBC Nikko Securities America, Inc.
SunTrust Robinson Humphrey, Inc.
TD Securities (USA) LLC
U.S. Bancorp Investments, Inc.
Wells Fargo Securities, LLC
BNP Paribas Securities Corp.
Fifth Third Securities, Inc.

 

 

 

CUSIP / ISIN:

 

015271 AU3 / US015271AU38

 

 

 

Denominations:

 

$2,000 and integral multiples of $1,000 in excess thereof

 

 

 

Trade Date:

 

March 23, 2020

 

 

 

Settlement Date:

 

March 26, 2020 (T+3)**

 

*                                         Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

 

**                                  The Issuer expects that delivery of the notes will be made to investors on or about March 26, 2020, which will be the third business day following the date of the prospectus supplement (such settlement being referred to as “T+3”).  Under Rule 15c6-1 of the Exchange Act, trades in the secondary market generally are required to settle in two business days unless the parties to any such trade expressly agree otherwise.  Accordingly, purchasers who wish to trade the notes on the date of pricing of the notes will be required, by virtue of the fact that the notes initially will settle in T+3, to specify an alternative settlement cycle at the time of any such trade to prevent failed settlement and should consult their own advisors.

 

The Issuer and the Guarantor have filed a registration statement (including a prospectus) with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates.  Before you invest, you should read the prospectus in that registration statement and other documents that the Issuer and the Guarantor have filed with the SEC for more complete information about the Issuer, the Guarantor and this offering.

 

You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.  Alternatively, the Issuer, the Guarantor, any underwriter or any dealer participating in the offering will arrange to send you the prospectus and the accompanying prospectus supplement if you request it by contacting: Citigroup Global Markets Inc. at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146 or e-mail: prospectus@citi.com; BofA Securities, Inc., telephone: 1-800-294-1322; Goldman Sachs & Co. LLC, Prospectus Department, 200 West Street, New York, NY 10282, telephone: 1-866-471-2526, fax: 212-902-9316 or e-mail: prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC at 383 Madison Avenue, New York, NY 10179, Attn: Investment Grade Syndicate Desk, 3rd Floor, telephone (collect): 1-212-834-4533.