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CubeSmart's Operating Partner Prices $450 Million Senior Notes Offering

BY MT Newswires | CORPORATE | 08/12/25 05:03 AM EDT

05:03 AM EDT, 08/12/2025 (MT Newswires) -- CubeSmart (CUBE) said late Monday its operating partner CubeSmart LP priced a $450 million underwritten public offering of total principal amount of 5.125% senior unsecured notes due 2035 at 98.656% of the principal amount.

The company intends to close the offering on Aug. 20, it added.

The operating partner plans to use the net proceeds for the repayment of outstanding debt under its unsecured revolving credit facility and for working capital and other general corporate purposes.

CubeSmart's (CUBE) stock was up 2.7% in recent Monday premarket activity.

Price: 39.76, Change: +1.05, Percent Change: +2.71

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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