Extra Space Announces Pricing of $300 Million Add-On Offering of 5.700% Senior Notes due 2028
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Extra Space Storage Inc. has announced a $300 million add-on offering of 5.700% senior notes due 2028. This follows a previous issuance of $500 million of the same notes.
December 02, 2024 | 10:00 pm
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Extra Space Storage Inc. has priced a $300 million add-on offering of 5.700% senior notes due 2028, expanding its previous issuance of $500 million. This move may impact the company's leverage and interest expenses.
The issuance of additional senior notes increases the company's debt, which could affect its leverage and interest expenses. However, the impact on stock price is uncertain as it depends on how the market perceives the use of proceeds and the company's overall financial strategy.
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RELEVANCE 100