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Alexandria Real Estate Equities Inc Announces Public Offering Of 6,000,000 Shares Of Common Stock


Monday, 13 May 2013 04:09pm EDT 

Alexandria Real Estate Equities Inc announced that it is commencing an underwritten public offering of 6,000,000 shares of common stock. BofA Merrill Lynch, Citigroup, and J.P. Morgan will act as joint book-running managers for the offering. Alexandria Real Estate Equities, Inc. expects to grant the underwriters a thirty-day option to purchase up to 900,000 additional shares. The Company intends to initially use the net proceeds from this offering to reduce the outstanding balance on its unsecured senior line of credit. The Company may then borrow from time to time under its unsecured senior line of credit to fund the selective development or redevelopment of life science properties, to fund property acquisitions, to repay other debt, or for general working capital and other corporate purposes. 

Company Quote

79.31
-0.89 -1.11%
22 Aug 2014