Maple Bond
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SmartStop Prices Canadian Maple Bond Offering
SmartStop Self Storage REIT, Inc. (SMA) is issuing a CAD $500 million Maple Bond through its operating partnership. The senior unsecured notes, maturing in 2028, will yield approximately 3.91% (3.85% effective after hedging) and are rated BBB (Stable) by Morningstar DBRS. Proceeds will refinance debt and fund acquisitions. The offering is exclusively for Canadian residents. SmartStop owns and manages self-storage properties across the U.S. and Canada.