SmartStop Closes Canadian Maple Bond Offering for CAD $200 Million
SmartStop closed its third Canadian Maple Bond offering, issuing CAD $200 million of Series C Senior Unsecured Notes due 2031 with a 4.317% coupon. The BBB-rated notes will be used to repay upcoming 2026 debt maturities and reduce the balance on the senior revolver. CEO H.
Key figures
- Credit rating
- BBB with a Stable Outlook
- Interest rate
- 4.317%
- Maturity date
- February 18, 2031
- Offering amount
- CAD $200 million
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