Alexandria Real Estate Extends $5B Credit Line to 2032, Cuts Rate
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.