debt
confidence high
sentiment neutral
materiality 0.50
CubeSmart prices $450M 5.125% senior notes due 2035 at 98.656%; yield 5.295%
CubeSmart
- Notes due 2035; expected to close August 20, 2025, subject to customary conditions.
- CubeSmart fully and unconditionally guarantees the notes.
- Net proceeds to repay outstanding under unsecured revolving credit facility and for general corporate purposes.
- Joint book-running managers: Wells Fargo, BofA Securities, PNC Capital Markets.
- Offering made under existing automatic shelf registration statement (File No. 333-270248).