Extra Space Storage to price fixed-rate notes via three bookrunners

By Devika Patel

Knoxville, Tenn., March 22 – Extra Space Storage LP is expected to sell fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call initially and then a par call.

BofA Securities Inc., Citigroup Global Markets Inc. and TD Securities (USA) LLC are the bookrunners.

The notes are guaranteed by Extra Space Storage Inc.

The trustee is Computershare Trust Co., NA.

Counsel to the issuer is provided by Latham & Watkins LLP, Venable LLP and Verrill Dana LLP.

Counsel for the underwriters is Fried, Frank, Harris, Shriver & Jacobson LLP and Ballard Spahr LLP.

Proceeds will be used for potential acquisitions, to repay debt under the company’s lines of credit and for other general corporate and working capital purposes.

The retirement savings, investment and insurance products company is based in Des Moines.

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