Extra Space Storage Inc. Announces $1 Billion Commercial Paper Note Program
Extra Space Storage Inc. Announces $1 Billion Commercial Paper Note Program
The notes to be offered under the commercial paper note program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes under the operating company's commercial paper note program.SALT LAKE CITY, Nov. 20, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has established an unsecured commercial paper note program in the United States.
盐湖城，2024年11月20日 /PRNewswire/ -- extra space storage（"公司"）(纽交所: EXR) 是美国自助存储设施的领先拥有者和运营商，亦为标准普尔500指数成分股，今天宣布其运营合伙企业extra space storage LP（"运营合伙企业"）已在美国建立了一项无担保商业票据计划。
Under the terms of the program, the operating partnership may issue from time to time unsecured commercial paper notes up to a maximum aggregate amount outstanding at any one time of $1 billion. The notes will be sold under customary terms in the United States commercial paper note market and will rank pari passu with all of the operating partnership's other unsecured senior indebtedness. The notes will be fully and unconditionally guaranteed by the Company. Note proceeds will be used for general corporate purposes.
根据该计划的条款，运营合伙企业可以不时发行无担保商业票据，最高金额在任何时候可达$10亿。这些票据将在美国商业票据市场以惯常条款出售，并将与运营合伙企业的其他所有无担保高级债务平等排名。票据将由公司全额和无条件担保。票据所得将用于一般企业用途。
The Company expects to realize cost benefits in the commercial paper market versus its $2.0 billion revolving credit facility, and it expects to use its revolving credit facility as a liquidity backstop for the repayment of the notes issued under the commercial paper program.
公司预计在商业票据市场上将实现相较于其$20亿循环信贷便利的成本优势，并预计将利用其循环信贷便利作为为票据偿还提供的流动性后盾。
The notes to be offered under the commercial paper note program have not been and will not be registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the notes under the operating company's commercial paper note program.
根据商业票据计划提供的票据尚未注册且将不会根据1933年证券法进行注册，并且在没有注册或适用的注册要求豁免的情况下，不得在美国提供或出售。这份新闻稿不构成对销售或购买运营公司的商业票据计划下的票据的要约或招揽。
About Extra Space Storage Inc.
关于extra space storage
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of September 30, 2024, the Company owned and/or operated 3,862 self-storage properties, which comprise approximately 2.7 million units and approximately 296.0 million square feet of rentable storage space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.
extra space storage Inc. 总部位于盐湖城，是一家全面整合的、自主管理和自我管理的股权房地产投资信托(reits)，也是标准普尔500指数的成员。截至2024年9月30日，公司拥有和/或运营3862处自助存储物业，约270万单位和约29600万平方英尺的可出租存储空间，均在extra space品牌下运行。公司在全国各地为客户提供众多方便快捷且安全的存储单位，包括船舶存储、房车存储和业务存储。它是美国最大的自助存储物业运营商。
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SOURCE Extra Space Storage Inc.
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