Alexandria Real Estate Equities offers junior subordinated notes due 2057; size and rate TBD

Filed August 10, 2026 · ~2 min read

Key Changes

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  Alexandria is offering junior subordinated notes due 2057 with a fixed-to-reset rate structure. The offering size and initial interest rate are not yet disclosed in this preliminary prospectus supplement.

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  The notes rank junior to approximately $12.8 billion of existing senior debt as of June 30, 2026. In a default or bankruptcy, senior creditors must be paid in full before noteholders receive anything.

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  Alexandria may defer interest payments for up to five consecutive years at its discretion. Holders will likely owe taxes on accrued interest during deferral periods even though they receive no cash payments.

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