SmartStop Self Storage closes CAD 200 million senior unsecured notes offering
SMA•Use of proceeds and ratings
Proceeds will be used to repay existing debt, including revolver borrowings, and for general corporate purposes.
The issue is rated BBB with a Stable Outlook by Morningstar DBRS.
Senior unsecured notes offering closes
SmartStop closed a CAD 200 million Series C Senior Unsecured Notes offering due Feb. 18, 2031.
The notes carry a 4.32% annual coupon, paid semiannually starting Feb. 18, 2027.
