Extra Space Storage LP issues $550M 4.900% Senior Notes due 2032

Extra Space Storage Inc.

Issued $550M aggregate principal of 4.900% Senior Notes due Feb 1, 2032.
Notes priced at 99.702% of par; interest payable Feb 1 and Aug 1 starting Feb 1, 2027.
Fully and unconditionally guaranteed by parent EXR and two Massachusetts business trusts.
Rank as senior unsecured obligations, structurally subordinated to secured debt.
Issuer may redeem at make-whole premium before Jan 1, 2032, then at par.

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