debt
confidence high
sentiment neutral
materiality 0.50
Extra Space Storage LP prices $350M add-on of 5.500% senior notes due 2030
Extra Space Storage Inc.
- Offering of $350M additional 5.500% senior notes priced at 101.509% of principal; maturity July 1, 2030.
- Notes are fully and unconditionally guaranteed by Extra Space and certain subsidiaries; fungible with existing $450M of same series.
- Net proceeds to repay outstanding lines of credit and commercial paper, and for general corporate purposes including potential acquisitions.
- Offering closed on January 22, 2025; joint book-runners include Wells Fargo, PNC, US Bancorp, BMO, BofA, J.P. Morgan, TD, and Truist.