Extra Space Storage Inc. Enters Material Definitive Agreement

TL;DR

EXR filed an 8-K for a new material definitive agreement and financial obligation.

AI Summary

On August 21, 2025, Extra Space Storage Inc. entered into a material definitive agreement, creating a direct financial obligation. The company, headquartered in Salt Lake City, Utah, filed an 8-K report detailing this obligation.

Why It Matters

This filing indicates a significant new financial commitment or obligation for Extra Space Storage Inc., which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — Entering into a material definitive agreement and creating a direct financial obligation can introduce new financial risks and complexities for the company.

Key Numbers

• 001-32269 — SEC File Number (Identifies the company's filing history with the SEC.)
• 20-1076777 — IRS Employer Identification Number (Unique identifier for tax purposes.)

Key Players & Entities

• Extra Space Storage Inc. (company) — Registrant
• August 21, 2025 (date) — Date of Earliest Event Reported
• Salt Lake City, Utah (location) — Principal Executive Offices
• 801-365-4600 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value EXR New York Stock Exchange
• $4.5 b — vides for aggregate borrowings of up to $4.5 billion, consisting of a senior unsecured
• $3.0 b — unsecured revolving credit facility of $3.0 billion, due August 21, 2029 (the "Revolv
• $500.0 m — lity"), a senior unsecured term loan of $500.0 million, due October 13, 2026 (the "Tranc
• $5.50 billion — e Credit Facility up to an aggregate of $5.50 billion. The Operating Partnership may extend t

Filing Documents

• exr-20250821.htm (8-K) — 42KB
• aug2025ex101fourthamendeda.htm (EX-10.1) — 1101KB
• 0001289490-25-000017.txt ( ) — 1444KB
• exr-20250821.xsd (EX-101.SCH) — 2KB
• exr-20250821_lab.xml (EX-101.LAB) — 21KB
• exr-20250821_pre.xml (EX-101.PRE) — 12KB
• exr-20250821_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On August 21, 2025, Extra Space Storage LP (the "Operating Partnership"), the operating partnership subsidiary of Extra Space Storage Inc. (the "Company"), entered into a fourth amended and restated credit agreement (the "Credit Agreement") with (i) certain lenders named therein, (ii) U.S. Bank National Association, as administrative agent, (iii) the following co-syndication agents: Bank of America, N.A., BMO Bank N.A., JPMorgan Chase Bank, N.A., PNC Bank, National Association, TD Bank, N.A., Truist Bank and Wells Fargo Bank, National Association, with respect to the Revolving Credit Facility (as defined below), PNC Bank, National Association, TD Bank, N.A. and Wells Fargo Bank, National Association, with respect to the Tranche 2 Term Loan Facility (as defined below), TD Bank, N.A. and JPMorgan Chase Bank, N.A., with respect to the Tranche 6 Term Loan Facility (as defined below), and PNC Bank, National Association, TD Bank, N.A., The Huntington National Bank and Truist Bank, with respect to the Tranche 7 Term Loan Facility (as defined below), (iv) the following co-documentation agents: BOKF, NA, Citibank, N.A., Fifth Third Bank, National Association, Regions Bank, The Bank of Nova Scotia, The Huntington National Bank and Zions Bancorporation, N.A., with respect to the Revolving Credit Facility, Regions Bank, The Bank of Nova Scotia and The Huntington National Bank, with respect to the Tranche 6 Term Loan Facility, and Regions Bank, with respect to the Tranche 7 Term Loan Facility and (v) the following joint lead arrangers and book runners: U.S. Bank National Association, BofA Securities, Inc., BMO Capital Markets Corp., JPMorgan Chase Bank, N.A., PNC Capital Markets LLC, Regions Capital Markets, TD Bank, N.A., Truist Bank and Wells Fargo Securities, LLC, as joint lead arrangers with respect to the Revolving Credit Facility, U.S. Bank National Association, BofA Securities, INC., BMO Capital Markets Corp., JPMorg

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 10.1 Fourth Amended and Restated Credit Agreement, dated as of August 21, 2025, by and among Extra Space Storage Inc., Extra Space Storage LP, U.S. Bank National Association, as administrative agent, certain other financial institutions acting as syndication agents, documentation agents and lead arrangers and book runners, and certain lenders party thereto. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXTRA SPACE STORAGE INC. Date: August 26, 2025 By /s/ Gwyn McNeal Name: Gwyn McNeal Title: Executive Vice President and Chief Legal Officer

View Full Filing

View this 8-K filing on SEC EDGAR