0001104659-20-087825.txt : 20200729 0001104659-20-087825.hdr.sgml : 20200729 20200729165433 ACCESSION NUMBER: 0001104659-20-087825 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200729 DATE AS OF CHANGE: 20200729 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: 201057724 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 a20-25795_6fwp.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 July 29, 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

$1,000,000,000 1.875% Senior Notes due 2033

 

Issuer:

Alexandria Real Estate Equities, Inc.

 

 

Security Description:

1.875% Senior Notes due 2033

 

 

Guarantee/Guarantor:

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

 

 

Expected Ratings:*

Moody’s: Baa1 / S&P: BBB+

 

 

Size:

$1,000,000,000

 

 

Maturity Date:

February 1, 2033

 

 

Price to Public:

99.812%

 

 

Interest Rate:

1.875% per annum

 

 

Yield to Maturity:

1.892%

 

 

Spread to Benchmark Treasury:

T+130 basis points

 

 

Benchmark Treasury:

0.625% due May 15, 2030

 

 

Benchmark Treasury Price and Yield:

100-10 / 0.592%

 

 

Interest Payment Dates:

Each February 1 and August 1, beginning on February 1, 2021

 

 

Optional Redemption:

The redemption price for notes that are redeemed before November 1, 2032 (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+20 bps.

 

 

 

The redemption price for notes that are redeemed on or after November 1, 2032 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:

J.P. Morgan Securities LLC
Goldman Sachs & Co. LLC
Mizuho Securities USA LLC
RBC Capital Markets, LLC

 

 

Senior Co-Managers:

Evercore Group L.L.C.

Scotia Capital (USA) Inc.

SMBC Nikko Securities America, Inc.

 

 

Co-Managers:

Barclays Capital Inc.

BBVA Securities Inc.

BNP Paribas Securities Corp.

Capital One Securities, Inc.

Fifth Third Securities, Inc.

PNC Capital Markets LLC

Regions Securities LLC

SunTrust Robinson Humphrey, Inc.

TD Securities (USA) LLC

U.S. Bancorp Investments, Inc.

 

 

CUSIP / ISIN:

015271 AV1 / US015271AV11

 

 

Denominations:

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

 

 

Trade Date:

July 29, 2020

 

 

Settlement Date:

August 5, 2020 (T+5)**

 

*                                         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 August 5, 2020, which will be the fifth business day following the date of the prospectus supplement (such settlement being referred to as “T+5”).  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 or the next two succeeding business days will be required, by virtue of the fact that the notes initially will settle in T+5, 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: J.P. Morgan Securities LLC, telephone (collect): 212-834-4533; 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; Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, NY 10020, Attn: Debt Capital Markets, telephone: 866-271-7403; or RBC Capital Markets, LLC, toll free at 1-866-375-6829.