Extra Space Storage Inc. (EXR), one of the largest operators of self-storage facilities in the U.S., recently announced the public offering of $600 million of its 2.350% senior notes due 2032. The offering is being made through its operating partnership, Extra Space Storage LP. The notes are being priced at 99.797% of the principal amount and will mature on March 15, 2032. The operating partnership intends to use the proceeds from the offerings to fund acquisition opportunities, repay outstanding amounts occasionally under its lines of credit and for general corporate and working capital purposes. (See Extra Space stock chart on TipRanks) Recently, UBS analyst Michael Goldsmith reiterated a Buy rating on the stock.
https://www.tipranks.com/news/extra-space-announces-pricing-of-senior-notes-offering?utm_source=advfn.com&utm_medium=referral
Extra Space Storage (NYSE:EXR)
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Extra Space Storage (NYSE:EXR)
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