Extra Space Announces Pricing of $350 Million Add-On Offering of 5.500% Senior Notes due 2030
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Extra Space Storage Inc. has announced a $350 million add-on offering of 5.500% senior notes due 2030. This follows a previous issuance of $450 million of the same notes. The company is a major player in the self-storage industry and part of the S&P 500.
January 16, 2025 | 11:00 pm
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Extra Space Storage Inc. has priced a $350 million add-on offering of 5.500% senior notes due 2030, expanding its previous issuance of $450 million. This move may impact the company's credit profile and interest expenses.
The issuance of additional senior notes suggests Extra Space is leveraging debt markets to raise capital, which could affect its credit profile and interest expenses. However, as this is an add-on to a previous issuance, it may not significantly alter the company's financial standing in the short term.
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