Extra Space Storage offers guaranteed notes via three bookrunners

By Mary-Katherine Stinson

Lexington, Ky., Nov. 27 – Extra Space Storage LP is planning to sell fixed-rate senior notes that will be guaranteed by Extra Space Storage Inc., according to a 424B5 filing with the Securities and Exchange Commission.

The notes will be optionally redeemable with a make-whole premium until a par call option is available to the issuer a number of months before the maturity date.

J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities, Inc. are the joint bookrunners.

Computershare Trust Co., NA will be the trustee.

Latham & Watkins LLP, Venable LLP (Maryland law) and Verrill Dana LLP (Massachusetts law) are working as counsel for Extra Space. The underwriters are using Fried, Frank, Harris, Shriver & Jacobson LLP and Ballard Spahr LLP for Maryland law.

The self-storage real estate investment trust has headquarters in Salt Lake City.

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