SmartStop reduces credit facility by $100M, flips to fully unsecured status

SmartStop Self Storage REIT, Inc.

Revolving commitments reduced by $100M, total commitments now $600M.
Credit spread on revolving commitments reduced by 25 bps; unused fee cut by 5 bps.
Both the credit facility and 2032 private placement notes are now fully unsecured.
CEO cites milestone post-IPO, says action reflects strength of balance sheet.

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