2023-03-22 05:24:45 ET
- Extra Space Storage's ( NYSE: EXR ) operating partnership has priced a public offering of $500M of 5.700% senior notes due 2028.
- The notes, priced at 99.823% of the principal amount, will be fully and unconditionally guaranteed by Extra Space and certain of its subsidiaries. They will mature on April 1, 2028.
- Net proceeds of this offering will be used to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate and working capital purposes.
- The offering is expected to close on or about March 28, 2023.
For further details see:
Extra Space Storage prices $500M debt offering