CubeSmart’s operating partnership priced an offering of $450.0 million aggregate principal amount of 5.125% senior unsecured notes due 2035. The Notes were priced at 98.656% of the principal amount with a yield to maturity of 5.295% and will be fully guaranteed by CubeSmart. The offering is set to close on August 20, 2025, with Wells Fargo Securities, BofA Securities, and PNC Capital Markets LLC serving as joint book-running managers.

In addition, Regions Securities LLC, US Bancorp, Barclays, BMO Capital Markets, Citizens JMP Securities, LLC, Goldman Sachs & Co. LLC, and Truist Securities are also involved in the offering as co-managers and senior co-managers.

Read more at Nasdaq: CubeSmart Prices Offering Of $450.0 Mln Of 5.125% Senior Unsecured Notes Due 2035