CubeSmart (CUBE): debt financing — CubeSmart L.P. issues $450M of 5.125% senior notes due 2035

CubeSmart

Aggregate principal amount $450M at 5.125% interest, maturing 2035; net proceeds ~$440.2M after discounts and expenses.
Proceeds to repay outstanding revolver indebtedness and for working capital/general corporate purposes.
Notes are senior unsecured obligations of CubeSmart, L.P. and fully guaranteed by CubeSmart.
Notes redeemable before Aug 1, 2035 at Treasury rate plus 20 bps; thereafter at par.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

CubeSmart incurred senior notes of $450.0 million with underwriters at 5.125% per annum maturing 2035.

Instrument: senior notes
Principal: $450.0 million
Counterparty: underwriters
Rate: 5.125% per annum
Maturity: 2035
Event: incurrence

Exact text from the filing

On August 20, 2025, CubeSmart, L.P. (the “ Operating Partnership ”) and CubeSmart (the “ Company ”) completed the issuance and sale of $450.0 million in aggregate principal amount of the Operating Partnership’s 5.125% senior notes due 2035 (the “ Notes ”), and the Company’s related full and unconditional guarantee of the payment of principal, the make-whole premium, if any, and interest on the Notes (the “ Guarantee ”).

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Source: SEC EDGAR

accession 0001104659-25-080958

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