Extra Space Storage plans to sell guaranteed senior notes

Chicago, Sept. 13 – Extra Space Storage LP is planning to sell guaranteed senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Monday.

The notes will be guaranteed by Extra Space Storage Inc.

There will be a make-whole call until a number of months before the maturity date.

Wells Fargo Securities, LLC and PNC Capital Markets LLC are lead bookrunning managers.

J.P. Morgan Securities LLC, TD Securities (USA) LLC, BMO Capital Markets Corp., BNP Paribas Securities Corp., BofA Securities, Inc. and U.S. Bancorp Investments, Inc. are also listed as joint bookrunners.

Proceeds will be used to fund potential acquisition opportunities, to repay amounts outstanding from time to time under lines of credit and for other general corporate purposes and working capital purposes.

Wells Fargo Bank, NA is the trustee.

Latham & Watkins LLP worked as counsel to the issuer. Venable LLP advised on Maryland law. Rackemann, Sawyer & Brewster Professional Corp. has issued an option about Massachusetts law.

Extra Space Storage is a real estate investment trust formed to own, operate, manage, acquire, develop and redevelop self-storage properties, or stores. The issuer is based out of Salt Lake City.

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