In particular, Alexandria Real Estate plans to utilize the fund generated from the offering to pay off in advance $150 million of the $750 million worth outstanding unsecured senior bank term loan, due 2016. This will shrink the Alexandria Real Estate's outstanding debt under the unsecured senior credit line to zero. Moreover, the company expects to use the remaining amount for investment in planned developments and redevelopments, proposed acquisitions as well as for meeting other corporate needs.