578 9693alexandria Real Estate Equities Inc Announcespublic Offering of Senior Notes
578 9693alexandria Real Estate Equities, Inc. Announcespublic Offering of Senior Notes Sample Clauses
578-9693ALEXANDRIA REAL ESTATE EQUITIES, INC. ANNOUNCESPUBLIC OFFERING OF SENIOR NOTES. PASADENA, CA — February 22, 2017 — Alexandria Real Estate Equities, Inc. (NYSE:ARE) announced today that it is commencing an underwritten public offering, subject to market conditions, of senior notes. Goldman, Sachs & Co., Mizuho Securities USA Inc., Scotia Capital (USA) Inc., Evercore Group L.L.C. and TD Securities (USA) LLC will act as joint book-running managers in connection with the public offering. The notes will be unsecured obligations of the Company and fully and unconditionally guaranteed by Alexandria Real Estate Equities, L.P., an indirectly 100% owned subsidiary of the Company.The Company intends to use the net proceeds from this offering for general corporate purposes and for the reduction of the outstanding balance on its unsecured senior line of credit. The Company may then also borrow from time to time under its unsecured senior line of credit to provide funds for general working capital and other general corporate purposes. General corporate purposes may include the reduction of the outstanding balances under its unsecured senior bank term loans, repayment of other debt, redemption of preferred stock and selective development or redevelopment of properties.