National Storage Affiliates Trust Announces Issuance of $350 Million of Senior Unsecured Notes
10 9월 2024 - 5:05AM
Business Wire
National Storage Affiliates Trust (“NSA” or the "Company")
(NYSE: NSA), announced that its operating partnership, NSA OP, LP,
has issued $350 million of aggregate principal amount of senior
unsecured notes (the “Notes”) with a weighted average maturity of
7.6 years and a weighted average coupon of 5.60% in a private
placement with institutional investors.
The Notes consist of three tranches:
- $75 million of 5.40% senior unsecured notes due September 5,
2028;
- $125 million of 5.55% senior unsecured notes due September 5,
2031; and
- $150 million of 5.74% senior unsecured notes due September 5,
2034.
The Company plans to use proceeds from the issuance of the Notes
to repay outstanding indebtedness and for general corporate
purposes.
The Notes have not been and will not be registered under the
Securities Act of 1933, as amended (the “Securities Act”), and are
being offered and sold in reliance on an exemption from
registration provided by Section 4(a)(2) of the Securities Act. The
Notes may not be offered or sold in the United States except
pursuant to an exemption from, or in a transaction not subject to,
the registration requirements of the Securities Act and applicable
state securities laws.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a real estate investment
trust headquartered in Greenwood Village, Colorado, focused on the
ownership, operation and acquisition of self storage properties
predominantly located within the top 100 metropolitan statistical
areas throughout the United States. As of June 30, 2024, the
Company held ownership interests in and operated 1,052 self storage
properties located in 42 states and Puerto Rico with approximately
68.8 million rentable square feet. NSA is one of the largest owners
and operators of self storage properties among public and private
companies in the United States. NSA is included in the MSCI US REIT
Index (RMS/RMZ), the Russell 1000 Index of Companies and the
S&P MidCap 400 Index.
NOTE REGARDING FORWARD LOOKING STATEMENT
Certain statements contained in this press release constitute a
forward-looking statement as such term is defined in Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, and such statement is
intended to be covered by the safe harbor provided by the same.
Forward-looking statements are subject to substantial risks and
uncertainties, many of which are difficult to predict and are
generally beyond NSA's control and can include information about
possible or assumed future results of NSA's business, financial
condition, liquidity, results of operations, plans and objectives.
Changes in any circumstances may cause NSA's actual results to
differ significantly from those expressed in any forward-looking
statement. When used in this release, the words "plan," "may" or
similar expressions are intended to identify forward-looking
statements. For a list and description of such risks and
uncertainties, see NSA's most recent Annual Report on Form 10-K,
subsequent Quarterly Reports on Form 10-Q and Current Reports on
Form 8-K filed with the Securities and Exchange Commission, and the
other documents filed by NSA with the Securities and Exchange
Commission. The forward-looking statements, and other risks,
uncertainties and factors are based on NSA's beliefs, assumptions
and expectations of its future performance, taking into account all
information currently available to us. Forward-looking statements
are not predictions of future events. NSA disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
The information contained in this press release is for
informational purposes only and shall not constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any
sale of the Notes in any state or jurisdiction in which such offer,
solicitation or sale of these Notes would be unlawful.
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version on businesswire.com: https://www.businesswire.com/news/home/20240909875254/en/
National Storage Affiliates Trust Investor/Media
Relations
George Hoglund, CFA Vice President - Investor Relations
720.630.2160 ghoglund@nsareit.net
National Storage Affilia... (NYSE:NSA)
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