Shearman & Sterling advised Citibank as administrative agent in connection with a $350 million senior unsecured term loan facility for Alexandria Real Estate Equities.

The facility was documented as an amendment and restatement and was entered into in connection with a simultaneous refinancing of Alexandria's $2.2 billion senior unsecured revolving credit facility. 

Alexandria is an urban office REIT that owns, operates, and develops collaborative life science and technology campuses in the top urban innovation clusters in North America, including in Greater Boston, New York City, Maryland, North Carolina’s Research Triangle Park, San Francisco and Seattle.

The Shearman & Sterling team included Real Estate practice Partner Malcolm Montgomery and Counsel Jocelyn Redman.