Extra Space Storage completes $800 million 4.950% senior notes offering due 2033
Extra Space Storage LP, a subsidiary of Extra Space Storage Inc. (EXR), completed an underwritten public offering of $800 million in 4.950% senior notes due January 15, 2033. The notes were sold at 99.739% of principal and are fully guaranteed by the parent company and two Massachusetts business trusts. The filing describes new debt that adds to the company's obligations, with restrictive covenants on additional borrowing.
Key points
- Principal amount of $800 million; public offering price was 99.739% of principal amount
- Interest at 4.950% per year, payable January 15 and July 15, beginning January 15, 2026
- Maturity date January 15, 2033; redeemable at any time at greater of par or make-whole premium
- Indenture includes limits on additional indebtedness and a requirement to maintain a pool of unencumbered assets
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.