Pasadena, Calif. – September 28, 2026 -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) has closed an amended $5.0 billion unsecured senior line of credit, pushing the facility's maturity to January 2032 and cutting its borrowing margin by 11 basis points. The amended agreement became effective September 24, 2026.
Maturity extended by two years through staged extension options
The amendment moves the facility's maturity date from January 22, 2030 to January 22, 2032, contingent on Alexandria exercising two available six-month extension options, subject to certain conditions. The move preserves the life science REIT's revolving credit capacity and extends its debt maturity ladder.
Borrowing rate drops to SOFR plus 0.725%
The applicable borrowing rate falls to SOFR plus 0.725%, down from SOFR plus 0.835%, an 11-basis-point reduction that lowers Alexandria's cost of capital on the facility.
CFO cites banking partner confidence in balance sheet strategy
Marc E. Binda, chief financial officer and treasurer, said the extension reflects the strength of Alexandria's relationships with its banking partners and their continued confidence in the company. He said the deal reinforces the balance sheet, manages long-term cost of capital, and maintains liquidity to capitalize on opportunities across market cycles.
Citibank leads a syndicate of major global banks
Citibank, N.A. serves as administrative agent under the amended agreement. Joint lead arrangers include Citibank, BofA Securities, JPMorgan Chase Bank, Goldman Sachs Bank USA, RBC Capital Markets, Banco Bilbao Vizcaya Argentaria (New York Branch), Mizuho Bank, Sumitomo Mitsui Banking Corporation, TD Bank, The Bank of Nova Scotia, Truist Securities and U.S. Bank National Association. Citibank, BofA Securities, JPMorgan Chase Bank, Goldman Sachs Bank USA and RBC Capital Markets serve as joint bookrunners.