Extra Space Storage files $800M equity distribution agreement for at-the-market stock sales

Extra Space Storage Inc.

Up to $800M of common stock may be sold through agents including BMO, BofA, Citi, Jefferies, JPMorgan, Regions, TD, Truist, and Wells Fargo.
Sales agents will receive up to 2.0% commission; forward sellers may receive a commission via forward price reduction.
Net proceeds intended for potential acquisitions, repayment of credit lines, and general corporate purposes.
Agreement replaces the prior August 2021 equity distribution agreement with certain agents.
Sales may be made 'at the market' on NYSE, in negotiated transactions, or through block trades.

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