Extra Space Storage Inc. (EXR): debt financing — Extra Space Storage LP issues $500M of 5.400% Senior Notes due 2035

Extra Space Storage Inc.

Issued $500M aggregate principal amount of 5.400% Senior Notes due June 15, 2035.
Notes priced at 99.830% of par; interest payable semi-annually starting June 15, 2025.
Notes are senior unsecured obligations of Extra Space Storage LP, fully guaranteed by EXR and two trusts.
Proceeds for general corporate purposes; covenants include limits on additional indebtedness and unencumbered assets.
Offered under shelf registration statement effective April 2024; legal opinions filed as exhibits.

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 $500,000,000 aggregate principal amount with Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, as trustee at 5.400% per annum maturing June 15, 2035.

Instrument: senior notes
Principal: $500,000,000 aggregate principal amount
Counterparty: Computershare Trust Company, N.A., as successor trustee to Wells Fargo Bank, National Association, as trustee
Rate: 5.400% per annum
Maturity: June 15, 2035
Event: incurrence

Exact text from the filing

On March 19, 2025, 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 $500,000,000 aggregate principal amount of its 5.400% Senior Notes due 2035 (the “Notes”).

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Extra Space Storage Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-057808

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