SmartStop Self Storage REIT, Inc. Announces the Recast of its Multi-Currency Credit Facility
SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.
- SmartStop Self Storage REIT, Inc. (“SmartStop”) announced today that it entered into an amended and restated multi-currency revolving credit facility (the “Credit Facility”) of up to $650 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, Truist Bank and Wells Fargo Bank, N.A.
- The facility has an accordion feature permitting expansion of the Credit Facility up to $1.5 billion, subject to certain conditions.
- Initial advances under the Credit Facility bear interest at a consistent pricing grid as the previous revolving credit facility.
- The Huntington National Bank, Raymond James Bank and U.S. Bank National Association served as Documentation Agents for the Credit Facility.