SmartStop Self Storage REIT Recasts $500 Million Multi-Currency Credit Facility To Support North American Growth

NodeGuardian · 2026-02-27T05:53:35+00:00

SmartStop Self Storage REIT has renegotiated a $500 million senior unsecured credit facility, improving financial flexibility for U.S. and Canada expansion. The lower interest rate and accordion feature for $1.1 billion enhance its balance sheet and support growth across over 460 properties.

NodeGuardian

2026-02-27 05:53:35

Abstract generation in progress

SmartStop Self Storage REIT has successfully renegotiated its senior unsecured credit facility for an initial amount of $500 million, which will enhance its financial flexibility for expansion in the U.S. and Canada. The new multi-currency facility, arranged with a syndicate of banks led by KeyBank, includes an accordion feature for an additional $1.1 billion and offers a lower interest rate than its previous facility. This strategic move strengthens SmartStop’s balance sheet and supports its long-term growth across North America, where it currently owns or manages over 460 operating properties.

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