By Devika Patel
Knoxville, Tenn., Sept. 30 - Extra Space Storage Inc. said it arranged a registered direct offering of shares to raise about $44.1 million. The offering is being made under an existing S-3 shelf registration statement filed with the Securities and Exchange Commission.
The company will sell 3 million common shares to clients of Rreef America LLC.
Settlement is expected Oct. 3.
Proceeds will be used for general corporate purposes.
Extra Space is a Salt Lake City-based real estate investment trust that focuses on self-storage facilities.
| Issuer: | Extra Space Storage Inc.
|
| Issue: | Common stock
|
| Amount: | $44.1 million (approximate)
|
| Shares: | 3 million
|
| Warrants: | No
|
| Investor: | Rreef America LLC
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Stock symbol: | NYSE: EXR
|
| Stock price: | $14.89 at close Sept. 29
|
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