O’Melveny Advises Citibank on US$5 Billion Unsecured Senior Line of Credit for Alexandria Real Estate Equities
September 29, 2026
FOR IMMEDIATE RELEASE
NEW YORK—September 29, 2026—O’Melveny represented Citibank, N.A. as administrative agent in connection with a US$5 billion unsecured senior revolving credit facility for Alexandria Real Estate Equities.
The documentation for the facility became effective on September 24, 2026. The facility will mature in January of 2032, assuming the company exercises its rights to extend the maturity date for two six-month periods, subject to certain conditions. Alexandria has the ability to increase the credit facility by up to US$1 billion.
The O’Melveny New York Real Estate Finance team was led by partner Malcolm Montgomery, partner Maria von Schack, and senior counsel Lance Levine.
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Contact:
Brandon Jacobsen
O’Melveny & Myers LLP
+1 213 430 8024
bjacobsen@omm.com
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Alexandria Real Estate Equities issued the following announcement:
Alexandria Real Estate Equities, Inc. Announces Closing of Amended and Restated $5.0 Billion Unsecured Senior Line of Credit
PASADENA, Calif., Sept. 28, 2026 /PRNewswire/ -- Alexandria Real Estate Equities, Inc. (NYSE: ARE) today announced the closing of its amended and restated $5.0 billion unsecured senior line of credit, a strategic extension that further strengthens the company's long-term financial flexibility and reflects the enduring support of its longstanding, trusted banking partners. The amendment extends the maturity of the facility to January 2032 and reduces the applicable borrowing margin, reinforcing Alexandria's disciplined and proactive management of its strong and flexible balance sheet. The amended agreement became effective on September 24, 2026.
The amended agreement extends the maturity date of Alexandria's $5.0 billion unsecured senior line of credit from January 22, 2030 to January 22, 2032, assuming the company exercises its rights to extend the maturity date twice by an additional six months for each exercise, subject to certain conditions. The extension preserves Alexandria's substantial revolving credit capacity and advances the company's longstanding financial strategy to maintain significant liquidity, prudently ladder debt maturities, and preserves access to diverse sources of capital, providing critical financial capacity to execute across market cycles.
The amended agreement also reduces the applicable borrowing rate to SOFR plus 0.725%, representing an 11-basis-point reduction from the currently applicable rate of SOFR plus 0.835%.
"The successful extension of our $5.0 billion unsecured senior line of credit underscores the strength of our mission-critical relationships with our banking partners and their continued confidence in and longstanding support of Alexandria," said Marc E. Binda, chief financial officer and treasurer of Alexandria Real Estate Equities, Inc. "Extending the maturity to 2032 while reducing our borrowing margin represents another consequential execution by our best-in-class team to further strengthen our balance sheet, prudently manage our long-term cost of capital, and maintain significant liquidity and financial flexibility. These enduring financial strengths position Alexandria to execute our highly differentiated, mission-driven business model with discipline and conviction, and capitalize on strategic opportunities through evolving market cycles."
Citibank, N.A. serves as administrative agent under the amended agreement. Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA, RBC Capital Markets, Banco Bilbao Vizcaya Argentaria, S.A. New York Branch, Mizuho Bank, Ltd., Sumitomo Mitsui Banking Corporation, TD Bank, N.A., The Bank of Nova Scotia, Truist Securities, Inc. and U.S. Bank National Association serve as joint lead arrangers; and Citibank, N.A., BofA Securities, Inc., JPMorgan Chase Bank, N.A., Goldman Sachs Bank USA and RBC Capital Markets serve as joint bookrunners.
About Alexandria Real Estate Equities, Inc.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. With our founding in 1994, Alexandria pioneered the life science real estate niche. Alexandria is the preeminent and longest-tenured owner, operator and developer of collaborative Megacampus™ ecosystems in AAA life science and advanced technology innovation cluster locations, including Greater Boston, San Diego, the San Francisco Bay Area, Seattle, Maryland, Research Triangle and New York City. For more information, please visit www.are.com.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding Alexandria's corporate responsibility initiatives, strategic investments, partnerships and support of charitable and community organizations; Alexandria's role in supporting tenants and companies in which it invests that are engaged in research and development in hematology and oncology; and the anticipated impact or benefits of these investments, partnerships and support, including the expected impact of the missions, programs and initiatives of the charitable and community organizations Alexandria supports. These forward-looking statements are based on Alexandria's present intent, beliefs, or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by Alexandria's forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and Alexandria assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in Alexandria's forward-looking statements, and risks and uncertainties to Alexandria's business in general, please refer to Alexandria's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.
CONTACT: Sara Cohen, Assistant Vice President – Capital Markets & Corporate Operations, (646) 799-2617, scohen@are.com