debt
confidence high
sentiment neutral
materiality 0.55
Extra Space Storage LP prices $600M of 5.400% senior notes due 2034
Extra Space Storage Inc.
- $600M aggregate principal at 99.745% of par; notes mature February 1, 2034.
- Notes fully and unconditionally guaranteed by Extra Space Storage Inc. and subsidiaries.
- Proceeds to repay ~half of term loan under June 2023 credit agreement; balance for lines of credit and general purposes including acquisitions.
- Offering expected to close January 19, 2024, subject to customary conditions.