Latham & Watkins Represents Extra Space Storage in US$400 Million Senior Notes Offering

Extra Space Storage Inc. (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, has announced that its operating partnership, Extra Space Storage LP, has priced a public offering of US$400 million aggregate principal amount of 5.350% senior notes due 2035. The Notes were priced at 99.973% of the principal amount and will mature on January 15, 2035. The offering is expected to close on or about August 12, 2024, subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Extra Space in the offering with a San Diego capital markets team led by partners Craig Garner and Kevin Reyes and counsel Anthony Gostanian, with associates Rachel Staub and Sterling Swift. Advice was also provided on debt finance matters by New York/Los Angeles partner Greg Rodgers, with associate Sara Johnson; and on tax matters by Century City/Los Angeles partner Pardis Zomorodi and Los Angeles partner Eric Cho.