Alexandria Real Estate Equities prices $1B notes offering

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โดย Seeking Alpha·US·Read original
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Alexandria Real Estate Equities priced a $1 billion offering of 7.25% Series A fixed-to-fixed reset rate junior subordinated notes due 2057. The notes were priced at 100.000% of the principal amount and will pay 7.25% annual interest through, but excluding, February 2032. After that, the rate will reset every five years to the five-year U.S. Treasury rate plus 2.889%, with a minimum rate of 7.25%. The company plans to use the net proceeds for general corporate purposes.

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