O'Melveny Advises on US$5 Billion Credit Facility for Alexandria Real Estate Equities
October 1, 2024
FOR IMMEDIATE RELEASE
NEW YORK—October 1, 2024—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 financing matures in January 2029 and has two six-month extension options, subject to certain conditions. Alexandria has the ability to increase its credit facility by up to US$1 billion. The interest rates provided for in the credit facility are subject to credit spread and sustainability margin adjustments.
Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® company, is a best-in-class, mission-driven life science REIT. As the pioneer of the life science real estate niche, Alexandria is the longest-tenured owner, operator and developer of collaborative mega campuses in AAA life science innovation cluster locations, including Greater Boston, the San Francisco Bay Area, San Diego, Seattle, Maryland, Research Triangle, and New York City.
The O’Melveny team was led by New York Real Estate partner Malcolm Montgomery 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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