---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-057425"
form_type: "8-K"
ticker: "SMA"
cik: "0001585389"
company_name: "SmartStop Self Storage REIT, Inc."
filed_at: "2026-02-18T23:59:59+00:00"
generated_at: "2026-05-16T02:03:20.687869+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartStop closes $500M unsecured credit facility with $1.6B accordion, lower pricing

## Summary
- Second amended & restated credit facility replaces Feb 2024 facility; total capacity $500M, may increase by $1.1B to $1.6B.
- Initial advances priced ~30 bps lower than prior facility; grid varies from 100–145 bps (SOFR) based on leverage or credit rating.
- Term is four years with one-year extension option; borrowings allowed in USD or CAD.
- Outstanding $68.3M from prior facility rolled unchanged; facility is unsecured and fully recourse.
- Syndicate led by KeyBank, BMO, JPMorgan, M&T, Scotiabank, Truist, Wells Fargo; chairman cites strengthened balance sheet.

## SEC filing metadata
- accession: 0001193125-26-057425
- form_type: 8-K
- ticker: SMA
- cik: 0001585389
- company_name: SmartStop Self Storage REIT, Inc.
- filed_at: 2026-02-18T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1585389/000119312526057425/0001193125-26-057425-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1585389/000119312526057425/ck0001585389-20260218.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-057425
- JSON: https://secwatch.observer/filing/0001193125-26-057425.json
- Plain text: https://secwatch.observer/filing/0001193125-26-057425.txt

## Source-grounded claims
- claim_id: 9cf6c1b885b1e80a6bebae19b12317fc445fa706
  claim: SmartStop Self Storage REIT, Inc. incurred revolving credit of $500 million with KeyBank, National Association, as administrative agent at 105 basis points over Daily Simple SOFR maturing February 18, 2030.
  evidence_excerpt: (the “2024 Credit Facility”). The 2026 Credit Agreement provides for a senior unsecured revolving credit facility (the “Credit Facility”) in an aggregate principal amount of $500 million. The Borrower has the right to increase the amount available under the Credit Facility by an additional $1.1 billion, for a total potential maximum aggregate amount of $1.6
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585389/000119312526057425/0001193125-26-057425-index.htm
- claim_id: d12ea883238a555fe77d1653444f89e4eaba6d40
  claim: SmartStop Self Storage REIT, Inc. entered into 2026 Credit Agreement with KeyBank, National Association, as administrative agent, and certain other lenders party thereto valued at $500 million (effective 2026-02-18).
  evidence_excerpt: On February 18, 2026, SmartStop Self Storage REIT, Inc. (the “Company”), through its operating partnership (the “Borrower”), entered into a second amended and restated credit agreement with KeyBank, National Association, as administrative agent, certain others listed as joint book runners, joint lead arrangers, syndication agents and documentation agents, and certain other lenders party thereto (the “2026 Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1585389/000119312526057425/0001193125-26-057425-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.