AI English summary of an SEC filing — figures as filed
Extra Space Storage EXRThe company said its subsidiary Extra Space Storage LP completed an underwritten public offering of $800,000,000 aggregate principal amount of its 4.950% Senior Notes due 2033 on August 8, 2025.
Key points
AI summaryThe company said its subsidiary Extra Space Storage LP completed an underwritten public offering of $800,000,000 aggregate principal amount of its 4.950% Senior Notes due 2033 on August 8, 2025.
Extra Space Storage said the Notes were offered at 99.739% of principal amount and bear interest at 4.950% per year, payable on January 15 and July 15 of each year, with the first interest payment on January 15, 2026 and maturity on January 15, 2033.
The company said the Notes are the Issuer's senior unsecured obligations and rank equally in right of payment with its other existing and future senior unsecured debt, but are effectively subordinated to its mortgage and other secured debt to the extent of the collateral, and to all liabilities of its subsidiaries. The Notes are unconditionally guaranteed by the company, ESS Holdings Business Trust I and ESS Holdings Business Trust II.
The company said the Issuer may redeem the Notes at the greater of 100% of the principal amount and a make-whole premium, plus accrued and unpaid interest, and on or after November 15, 2032 at 100% of the principal amount plus accrued and unpaid interest. Failure to pay other debt above $100.0 million is also an event of default.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
$800,000,000 4.950% Senior Notes due 2033 Offering Completed
The company said its subsidiary Extra Space Storage LP completed an underwritten public offering of $800,000,000 aggregate principal amount of its 4.950% Senior Notes due 2033 on August 8, 2025.
Source · Based on the filing body and exhibits
Offering Price of 99.739%, Interest Payment Dates and Maturity
Extra Space Storage said the Notes were offered at 99.739% of principal amount and bear interest at 4.950% per year, payable on January 15 and July 15 of each year, with the first interest payment on January 15, 2026 and maturity on January 15, 2033.
Source · Based on the filing body and exhibits
Ranking of Notes and Guarantee Structure
The company said the Notes are the Issuer's senior unsecured obligations and rank equally in right of payment with its other existing and future senior unsecured debt, but are effectively subordinated to its mortgage and other secured debt to the extent of the collateral, and to all liabilities of its subsidiaries. The Notes are unconditionally guaranteed by the company, ESS Holdings Business Trust I and ESS Holdings Business Trust II.
Source · Based on the filing body and exhibits
Optional Redemption Terms and Events of Default
The company said the Issuer may redeem the Notes at the greater of 100% of the principal amount and a make-whole premium, plus accrued and unpaid interest, and on or after November 15, 2032 at 100% of the principal amount plus accrued and unpaid interest. Failure to pay other debt above $100.0 million is also an event of default.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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