debt
confidence high
sentiment neutral
materiality 0.50
Extra Space Storage prices $400M of 5.350% senior notes due 2035
Extra Space Storage Inc.
- Issued $400M aggregate principal amount of 5.350% senior notes due January 15, 2035.
- Priced at 99.973% of principal; expected to close on August 12, 2024.
- Notes are fully and unconditionally guaranteed by Extra Space and certain subsidiaries.
- Net proceeds to repay lines of credit, fund general corporate needs and acquisitions.
- Joint book-runners include BofA, PNC, Truist, BMO, J.P. Morgan, TD, Wells Fargo, US Bank.