Extra Space Storage returns with guaranteed senior notes offering

Chicago, June 12 – 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 on Monday morning.

The company was recently in the market, in late March, with a $500 million offering of five-year notes.

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.

Wells Fargo Securities, LLC, BMO Capital Markets Corp. and TD Securities (USA) LLC are the joint bookrunners.

Computershare Trust Co., NA will be the trustee.

Latham & Watkins LLP and Venable LLP 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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