{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-029424","form_type":"8-K","ticker":"SGST","cik":"0001852575","company_name":"Strategic Storage Trust VI, Inc.","filed_at":"2023-06-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.249352+00:00","generated_at":"2026-06-13T19:20:14.715250+00:00","sec_items":["1.01","2.03","2.01","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Strategic Storage Trust VI acquires six self-storage facilities in Greater Toronto Area for CAD$212M","bullets":["Six Class A properties with ~5,500 units and ~524,000 net rentable sq ft acquired for ~CAD$212M.","Funding includes public offering proceeds, Series B Preferred Equity, CAD$127.2M secured loan from National Bank of Canada, and $15M unsecured bridge loan.","Loan has two-year term, interest rate CDOR+2.6% (fixed via swap at 4.73%), interest-only first year, then 25-year amortization.","Facilities will be branded under SmartStop Self Storage banner with new technology and customer service enhancements.","CEO H. Michael Schwartz highlighted the acquisition as a strategic step to revolutionize self-storage in North America."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-029424","json":"https://secwatch.observer/filing/0000950170-23-029424.json","markdown":"https://secwatch.observer/filing/0000950170-23-029424.md","text":"https://secwatch.observer/filing/0000950170-23-029424.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1852575/000095017023029424/0000950170-23-029424-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1852575/000095017023029424/sstvi-20230615.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T19:20:14.715250+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8f7b88880d3b191ba1c4ca1b414a8ddb5b63562c","claim":"Strategic Storage Trust VI, Inc. incurred credit facility of CAD$127.2 million with National Bank of Canada at 1 month Canadian Dollar Offered Rate (\"CDOR\"), plus 2.6% maturing June 15, 2025.","evidence_excerpt":"On June 15, 2023, Strategic Storage Trust VI, Inc. (the \"Company\"), through certain wholly-owned subsidiaries (the \"Borrowers\"), entered into a CAD$127.2 million financing with National Bank of Canada (\"National Bank\") as administrative agent and certain other lenders party thereto (the \"Lenders\") pursuant to a credit agreement (the \"Secured Loan\").","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852575/000095017023029424/0000950170-23-029424-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"CAD$127.2 million"},{"label":"Counterparty","value":"National Bank of Canada"},{"label":"Rate","value":"1 month Canadian Dollar Offered Rate (\"CDOR\"), plus 2.6%"},{"label":"Maturity","value":"June 15, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"bd9f4550c1f8ace658c5a50e67eccbd40a8ade79","claim":"Strategic Storage Trust VI, Inc. completed an acquisition involving Cityview, Esandar, Lakeshore, Sheridan, Sanford, Appleby (sellers of the Ontario Portfolio) for purchase price of approximately CAD$212 million, plus closing costs and an acquisition fee to our Advisor, funded with a combination of proceeds from the Compan (closed 2023-06-19).","evidence_excerpt":"On June 19, 2023, the Company closed on the purchase of the Ontario Portfolio for a purchase price of approximately CAD$212 million, plus closing costs and an acquisition fee to our Advisor, which was funded with a combination of proceeds from the Company's public offering, proceeds from Series B Preferred Equity, proceeds from the Secured Loan, which is described in Item 2.03 below, and an unsecured bridge loan in the amount of $15 million from an affiliate of the sponsor of the Company.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852575/000095017023029424/0000950170-23-029424-index.htm","confidence":0.95,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Cityview, Esandar, Lakeshore, Sheridan, Sanford, Appleby (sellers of the Ontario Portfolio)"},{"label":"Consideration","value":"purchase price of approximately CAD$212 million, plus closing costs and an acquisition fee to our Advisor, funded with a combination of proceeds from the Compan"},{"label":"Closing","value":"2023-06-19"}],"fact_type":"ma_transaction"},{"claim_id":"e320989c39116d4238855b4053397c35b61e81ca","claim":"Strategic Storage Trust VI, Inc. entered into Secured Loan with Lenders valued at Secured loan of CAD $127.2 million notional, interest rate CDOR+2.6% fixed via swap at 4.73%, two-ye (effective 2023-06-15).","evidence_excerpt":"As described in Item 1.01, above, on June 15, 2023, the Company entered into the Secured Loan with the Lenders. The Secured Loan is secured by a first mortgage on each property in the Ontario Portfolio. Pursuant to the loan agreement for the Secured Loan (the “Loan Agreement”), the interest rate is equal to the 1 month Canadian Dollar Offered Rate (“CDOR”), plus 2.6%. In addition, we entered into an interest rate swap agreement with a notional amount of CAD $127.2 million, whereby the CDOR is fixed at 4.73%. The Loan has an initial term of two years, maturing on June 15, 2025. The Loan is interest-only for the first year, payable monthly, and payments of principal and interest, calculated using a 25 year amortization, are due monthly after.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1852575/000095017023029424/0000950170-23-029424-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lenders"},{"label":"Value","value":"Secured loan of CAD $127.2 million notional, interest rate CDOR+2.6% fixed via swap at 4.73%, two-ye"},{"label":"Effective","value":"2023-06-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}