Extra Space Storage’s $450 Million Notes Offering

Fried Frank acted as counsel to J.P. Morgan and BofA Securities, as underwriters, in the offering.

Extra Space Storage LP execute its debut bond issuance of US$450 million aggregate principal amount of 2.550% senior notes due 2031. The notes are fully and unconditionally guaranteed by parent company Extra Space Storage Inc., an NYSE-listed real estate investment trust.

Extra Space Storage owns and operates self-storage properties in 40 states, Washington, D.C., and Puerto Rico.

The Fried Frank team was led by corporate partners Stuart A. Barr (Picture) and Joshua Wechsler, and included tax partners Cameron N. Cosby and Joseph E. Fox, corporate special counsel Martin A. Hewitt and Brian C. Drozda, corporate associates Paul Michael Jindra and Timothy J. Machat, and tax associate Laura D. Pond. 

Involved fees earner: Stuart Barr – Fried Frank Harris Shriver & Jacobson; Cameron Cosby – Fried Frank Harris Shriver & Jacobson; Brian Drozda – Fried Frank Harris Shriver & Jacobson; Joseph Fox – Fried Frank Harris Shriver & Jacobson; Martin Hewitt – Fried Frank Harris Shriver & Jacobson; Paul Michael Jindra – Fried Frank Harris Shriver & Jacobson; Timothy Machat – Fried Frank Harris Shriver & Jacobson; Laura Pond – Fried Frank Harris Shriver & Jacobson; Joshua Wechsler – Fried Frank Harris Shriver & Jacobson;

Law Firms: Fried Frank Harris Shriver & Jacobson;

Clients: Bank of America Securities; J.P. Morgan Securities LLC;

Author: Martina Bellini