Extra Space Storage Inc. (EXR): debt financing — Extra Space Storage LP issues $600M of 5.40% Senior Notes due 2034

Extra Space Storage Inc.

$600M aggregate principal of 5.400% Senior Notes due February 1, 2034, issued at 99.745% of par.
Interest payable semi-annually on Feb 1 and Aug 1, starting Aug 1, 2024.
Notes are senior unsecured obligations guaranteed by EXR and two business trusts.
Issuer may redeem at make-whole premium before Nov 1, 2033; thereafter at par.
Offering closed January 19, 2024; net proceeds for general corporate purposes.

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

Extra Space Storage Inc. incurred senior notes of $600,000,000 aggregate principal amount with Computershare Trust Company, N.A. at 5.400% per annum maturing February 1, 2034.

Instrument: senior notes
Principal: $600,000,000 aggregate principal amount
Counterparty: Computershare Trust Company, N.A.
Rate: 5.400% per annum
Maturity: February 1, 2034
Event: incurrence

Exact text from the filing

On January 19, 2024, Extra Space Storage LP (the “Issuer”), a Delaware limited partnership and subsidiary of Extra Space Storage Inc. (the “Company”), completed an underwritten public offering of $600,000,000 aggregate principal amount of its 5.400% Senior Notes due 2034 (the “Notes”).

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-011229

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