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Strategic Storage Growth Trust increases borrowing capacity under revolving loan

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Strategic Storage Growth Trust increases borrowing capacity under revolving loan

Strategic Storage Growth Trust Inc. boosted its credit facility to a maximum borrowing capacity of $50 million, up from $40 million, through an amended credit agreement.

The credit facility is a one-year revolving loan, and payments are interest-only. KeyBank NA served as administrative agent, and KeyBanc Capital Markets LLC was sole book runner and sole lead arranger.