- Extra Space Storage (NYSE:EXR) successfully amended and restated its senior unsecured credit facility, upsizing the total capacity by $200M to a total of $1.35B.
- The credit facility consists of a $650M senior unsecured revolving credit facility due January 2023, a $480M senior unsecured term loan due January 2024 and a $220M senior unsecured term loan due October 2023.
- Pricing at closing will be an initial interest rate of LIBOR + 1.10% for the senior unsecured revolving credit facility and LIBOR + 1.25% for the senior unsecured term loans due January 2024 and October 2023.