SmartStop Self Storage REIT, Inc. (SMA): debt financing — SmartStop issues CAD$500M 3.907% notes due 2028; under contract for CAD$97M Alberta acquisitions

SmartStop Self Storage REIT, Inc.

Issued CAD$500M 3.907% senior unsecured notes due 2028; effective rate ~3.85% after hedge; rated BBB (Stable) by DBRS.
Proceeds used to repay 2027 NBC Loan, pay down Credit Facility, fund acquisitions, and for general corporate purposes.
In addition to previously announced US$108M Houston portfolio closing June, company under contract to acquire five Alberta properties for ~CAD$97M.

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

SmartStop Self Storage REIT, Inc. incurred senior notes of up to CAD$500 million with Computershare Trust Company of Canada at 3.907% maturing 2028.

Instrument: senior notes
Principal: up to CAD$500 million
Counterparty: Computershare Trust Company of Canada
Rate: 3.907%
Maturity: 2028
Event: incurrence

Exact text from the filing

On June 11, 2025, SmartStop Self Storage REIT, Inc. (the “Company”), as guarantor, and its operating partnership, SmartStop OP, L.P. (the “Operating Partnership”), as issuer, agreed to offer and sell, on a private placement basis in all of the provinces of Canada, an aggregate principal amount of up to CAD$500 million 3.907% Senior Unsecured Notes Due 2028

View on SEC.gov

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SmartStop Self Storage REIT, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-141463

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