Monitor upcoming 10-Q for full credit agreement terms and any drawn balance. The extended maturity and accordion provide ample liquidity headroom for operations and development pipeline.
Price Chart
Executive Summary
Alexandria Real Estate Equities entered into a $5 billion unsecured senior revolving credit facility with a syndicate of banks, replacing its existing credit agreement. The facility matures January 22, 2032 (with two six-month extension options) and includes a $1 billion accordion feature. The amendment also modified the treatment of certain hybrid debt instruments. This is a routine refinancing that extends maturity and increases capacity, with no material change to the company's credit profile.
Key Financial Metrics
Key Facts
- New $5 billion unsecured senior revolving credit facility replaces the Third Amended and Restated Credit Agreement dated September 19, 2024
- Accordion option to increase commitments by up to an additional $1 billion
- Maturity date extended to January 22, 2032, with two six-month extension options
- Margin at closing for Floating Rate and Daily RFR loans is 0.725%
- Amendment modified definitions to adjust treatment of certain hybrid debt instruments
- Sustainability margin adjustments from prior agreement removed, but future sustainability-linked adjustments permitted
Financial Impact
Revolving credit facility of $5 billion with $1 billion accordion option; margin at closing 0.725% over Floating Rate/Daily RFR
Risk Factors
- Interest rate exposure on floating-rate borrowings
- Covenant compliance risk if leverage increases materially
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001035443-26-000069 |
| Document: 0001035443-26-000069-index-headers.html | 0001035443-26-000069 |
| Document: 0001035443-26-000069-index.html | 0001035443-26-000069 |
| Document: 0001035443-26-000069.txt | 0001035443-26-000069 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $43.40 | awaiting T+60 | — | $40.86 (−5.85%) |
Oct 26, 2026 1d ago | 8-K | $42.81 | awaiting T+60 | — | $40.86 (+4.56%) |
Oct 23, 2026 4d ago | Institutional Cluster | $43.02 | awaiting T+60 | — | $40.86 (−5.02%) |
Sep 24, 2026 4w ago | 8-K | $49.93 | awaiting T+60 | — | $40.86 (−18.17%) |
Sep 15, 2026 6w ago | Insider Cluster | $53.52 | awaiting T+60 | — | $40.86 (−23.65%) |
Sep 15, 2026 6w ago | Insider Cluster | $53.52 | awaiting T+60 | — | $40.86 (−23.65%) |
Aug 15, 2026 10w ago | Institutional Cluster | $46.94 | awaiting T+60 | — | $40.86 (−12.95%) |
Jul 9, 2026 15w ago | 8-K | $47.88 $45.88 | ▼ −4.18% | ▼ −6.81% | $40.86 (−14.66%) |
Jun 11, 2026 19w ago | Institutional Cluster | $52.77 $52.65 | ▼ −0.23% | ▼ −4.62% | $40.86 (−22.57%) |
Apr 27, 2026 26w ago | 8-K | $40.22 $50.12 | ▼ −24.63% | ▼ −20.91% | $40.86 (−1.60%) |
US Market Status
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