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Sovran wraps up $200M of senior notes financing

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Sovran wraps up $200M of senior notes financing

Sovran Self StorageInc. availed financing totaling $200 million of senior unsecured notes,which bear interest at 3.67% for their 12-year term.

Proceeds from the privately placed term series F notes will beused to partially repay the company's outstanding line of credit.

Wells Fargo Bank Securities LLC was the active lead placementagent, and M&T Investment Banking was the co-placement agent.