Strategic Storage Trust VI, Inc. (SGST): debt financing — Strategic Storage Trust VI refinances CAD $164.5M loan for 7 Canadian properties at 5.59%

Strategic Storage Trust VI, Inc.

Initial advance of CAD $147.0M at 5.59% fixed; earnout up to CAD $17.5M at CORRA+2.5%.
Reduces interest rate by ~170 bps, saving ~$2.4M CAD annually vs prior loans.
Loan secured by 6 properties in Greater Toronto Area and 1 in Vancouver; occupancy rose from 58% to 86%.
Proceeds repaid existing Bank of Montreal and National Bank of Canada loans.
Five-year term maturing April 1, 2030; interest-only payments, with debt service guarantee by Company.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Strategic Storage Trust VI, Inc. incurred loan of CAD $164.5 million with QuadReal Finance LP at annual fixed rate equal to 5.59% maturing April 1, 2030.

Instrument: loan
Principal: CAD $164.5 million
Counterparty: QuadReal Finance LP
Rate: annual fixed rate equal to 5.59%
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

Definitive Agreement. On March 7, 2025, Strategic Storage Trust VI, Inc. (the “Company”), through certain wholly-owned subsidiaries (the “Borrowers”), entered into a CAD $164.5 million financing (the “Loan”) whereby QuadReal Finance LP (“QuadReal”) acts as the servicer and certain affiliates of QuadReal serve as the lender (“Lenders”). Please see Item 2.03

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Strategic Storage Trust VI, Inc. incurred loan of $147.0 million with QuadReal Finance LP at annual fixed rate equal to 5.59% maturing April 1, 2030.

Instrument: loan
Principal: $147.0 million
Counterparty: QuadReal Finance LP
Rate: annual fixed rate equal to 5.59%
Maturity: April 1, 2030
Event: incurrence

Exact text from the filing

(the “Company”), through certain wholly-owned subsidiaries (the “Borrowers”), entered into a CAD $164.5 million financing (the “Loan”) whereby QuadReal Finance LP (“QuadReal”) acts as the servicer and certain affiliates of QuadReal serve as the lender (“Lenders”).

View on SEC.gov

289 debt financings filed in the last 30 days. Browse all debt financings →

Strategic Storage Trust VI, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-038621

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.