Extra Space Storage Inc., a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, has announced that its operating partnership, Extra Space Storage LP, has priced a public offering of US$400 million aggregate principal amount of 3.900% senior notes due 2029. The Notes were priced at 99.885% of the principal amount and will mature on April 1, 2029. The offering is expected to close on or about March 31, 2022, subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by Extra Space and certain of its subsidiaries.
Latham & Watkins LLP represents Extra Space in the offering with a San Diego corporate team led by partner Craig Garner and counsel Anthony Gostanian, with associates Katie Connelly and Rachel Staub. Advice was also provided on debt finance matters by New York/Los Angeles partner Greg Rodgers, with associate Roger Yarett; and on tax matters by Los Angeles/Century City partner Pardis Zomorodi and Los Angeles partner Eric Cho, with associate Ryan Brenner.