debt
confidence high
sentiment neutral
materiality 0.55
Extra Space Storage prices $500M of 5.400% senior notes due 2035
Extra Space Storage Inc.
- $500M aggregate principal, 5.400% coupon, priced at 99.830% of par.
- Notes mature June 15, 2035; closing expected March 19, 2025.
- Net proceeds to repay lines of credit and commercial paper, plus general corporate use.
- Notes fully guaranteed by Extra Space and certain subsidiaries.
- Joint book-runners: BofA, TD, Truist, BMO, J.P. Morgan, PNC, Wells Fargo, US Bancorp.