National Storage REIT (ASX:NSR) notes offering announcement

National Storage REIT (NSR) (ASX:NSR) has successfully priced the A$300 million guaranteed exchangeable notes (Notes) offering, with a coupon of 3.625% per annum and a maturity date set in 2029. The net proceeds are intended for the repayment of existing financial indebtedness, financial flexibility for further growth, and general corporate purposes. Settlement of the offering is expected on 19 September 2024, subject to customary conditions precedent.

Founder and Managing Director's commentary on the offering

We are very pleased with the strong support we have received for the Offering and this transaction marks another important milestone for NSR.

Summary of National Storage REIT (ASX:NSR) notes offering

National Storage REIT (NSR) has successfully priced the A$300 million guaranteed exchangeable notes (Notes) offering with a coupon of 3.625% per annum. The net proceeds are intended for the repayment of existing financial indebtedness, financial flexibility for further growth, and general corporate purposes. Settlement of the offering is expected on 19 September 2024, subject to customary conditions precedent. The Notes will have a maturity date in 2029, unless redeemed, repurchased, or exchanged in accordance with their terms. The company's Founder and Managing Director expressed satisfaction with the strong support received for the Offering, marking it as another important milestone for NSR.