8-KItem 1.01 · Material AgreementItem 2.03 · Financial Obligation
Alexandria Real Estate Extends $5 Billion Credit Facility to 2032
Filed with the SEC on · Summarized by InvestorsBot
Alexandria Real Estate Equities and its operating partnership replaced their existing credit agreement with a new $5 billion unsecured senior revolving credit facility arranged by Citibank and other lenders. The agreement includes a $1 billion accordion option, a 0.725% closing margin for Floating Rate and Daily RFR borrowings, and extends maturity to January 22, 2032, with two possible six-month extensions; it also removes current sustainability margin adjustments.