PRNewsWire
24 Jun 2026, 20:40 UTC · 2h ago
Extra Space Announces Pricing of $550 Million of 4.900% Senior Notes due 2032
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
PRNewsWire
24 Jun 2026, 20:40 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
2 claims · each scored for market impact
The company intends to use the net proceeds to repay existing lines of credit and commercial paper, and to fund potential acquisition opportunities. — Replacing short-term debt with long-term notes improves liquidity stability, and the mention of acquisitions suggests a growth appetite.
+0.20Extra Space Storage's operating partnership has priced $550 million in senior notes due 2032 with a coupon rate of 4.900%. — Issuing new debt is a standard financing activity; the 4.9% rate provides a benchmark for the company's current cost of capital.
+0.10Which stocks this story touches
The company is successfully pricing $550 million in senior notes to optimize its balance sheet and fund acquisitions.
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[a_to_b] J.P. Morgan is acting as a joint book-running manager for Extra Space's senior notes offering.
[a_to_b] Wells Fargo Securities is acting as a joint book-running manager for Extra Space's senior notes offering.
[a_to_b] Citigroup is acting as a co-manager for Extra Space's senior notes offering.
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