By Devika Patel
Knoxville, Tenn., May 31 – Extra Space Storage LP priced a $300 million private placement of 4.39% guaranteed senior notes due July 17, 2028 on May 25, according to an 8-K filed with the Securities and Exchange Commission. J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc. are the agents.
The notes will be guaranteed by Extra Space Storage Inc.
Proceeds will be used to refinance debt and for general corporate purposes.
Extra Space is a Salt Lake City-based real estate investment trust focused on self-storage facilities.
| Issuer: | Extra Space Storage LP
|
| Issue: | Guaranteed senior notes
|
| Guarantor: | Extra Space Storage Inc.
|
| Amount: | $300 million
|
| Maturity: | July 17, 2028
|
| Coupon: | 4.39%
|
| Call: | Make-whole call at Treasuries plus 50 bps until June 2, 2028, then a par call
|
| Agents: | J.P. Morgan Securities LLC and U.S. Bancorp Investments Inc.
|
| Pricing date: | May 25
|
| Settlement date: | July 17
|
| Distribution: | Private placement
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
