SmartStop Self Storage REIT Files 8-K

TL;DR

SmartStop Self Storage REIT filed an 8-K on Feb 5, 2025, but the details are not in this snippet.

AI Summary

On February 5, 2025, SmartStop Self Storage REIT, Inc. filed an 8-K report. The filing primarily concerns other events and does not detail specific transactions or financial figures within the provided text. The report confirms the company's identity, incorporation details, and contact information.

Why It Matters

This filing serves as an official notification to the SEC and investors about significant events or changes within the company, though the specific details are not elaborated in this excerpt.

Risk Assessment

Risk Level: low — The provided text is a standard SEC filing header and does not contain information that would indicate a specific risk to investors.

Key Players & Entities

• SmartStop Self Storage REIT, Inc. (company) — Registrant
• February 5, 2025 (date) — Date of Report
• Maryland (jurisdiction) — State of Incorporation
• Ladera Ranch, California (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $650 million — egate amount of the Credit Facility was $650 million. On February 3 and 4, 2025, the Borro
• $49.9 million — pal amount outstanding of approximately $49.9 million as of December 31, 2024, (ii) exercised
• $50 million — dit Facility to increase commitments by $50 million to a total of $700 million and simultan
• $700 million — ommitments by $50 million to a total of $700 million and simultaneously drew approximately $
• $51 m — n and simultaneously drew approximately $51 million, and (iii) in connection with the

Filing Documents

• ck0001585389-20250205.htm (8-K) — 44KB
• 0000950170-25-014253.txt ( ) — 147KB
• ck0001585389-20250205.xsd (EX-101.SCH) — 24KB
• ck0001585389-20250205_htm.xml (XML) — 4KB

01 Other Events

Item 8.01 Other Events. As previously reported, on February 22, 2024, SmartStop Self Storage REIT, Inc. (the "Company"), through its operating partnership (the "Borrower"), entered into an amended and restated revolving credit facility with KeyBank, National Association, as administrative agent and collateral agent, certain others listed as joint book runners, joint lead arrangers, syndication agents and documentation agents, and certain other lenders party thereto (the "Credit Facility"). The initial aggregate amount of the Credit Facility was $650 million. On February 3 and 4, 2025, the Borrower completed a series of transactions whereby it (i) defeased its KeyBank Florida CMBS Loan (the "Defeasance") with an aggregate principal amount outstanding of approximately $49.9 million as of December 31, 2024, (ii) exercised its accordion rights under the Credit Facility to increase commitments by $50 million to a total of $700 million and simultaneously drew approximately $51 million, and (iii) in connection with the completion of the Defeasance, executed joinders to add the five properties previously encumbered by the KeyBank Florida CMBS Loan onto the Credit Facility. As a result of these transactions, the KeyBank Florida CMBS Loan has been fully repaid. Additionally, the properties that were added to the borrowing base of the Credit Facility increased the Company's overall availability under the Credit Facility, net of the transactions completed. Signature(s) 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. SMARTSTOP SELF STORAGE REIT, Inc. Date: February 5, 2025 By: /s/ James R. Barry James R. Barry Chief Financial Officer and Treasurer

View Full Filing

View this 8-K filing on SEC EDGAR