debt
confidence high
sentiment neutral
materiality 0.60
SmartStop closes CAD $200M 3.888% senior notes due 2030 in second Maple Bond offering
SmartStop Self Storage REIT, Inc.
- Issued CAD $200M aggregate principal of Series B Senior Unsecured Notes due September 24, 2030.
- Notes bear interest at 3.888% per annum, paid semiannually starting March 24, 2026.
- Rating: BBB (Stable) from Morningstar DBRS; proceeds to repay debt, fund acquisitions, and general corporate purposes.
- This marks SmartStop's second Maple Bond, completing FX cash flow hedging for current portfolio.
- Syndicate led by BMO Capital Markets and National Bank Capital Markets; closed September 24, 2025.
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