trending Market Intelligence /marketintelligence/en/news-insights/trending/xwrZ_jWB5eZcVJ2kn1d3hQ2 content esgSubNav
In This List

National Storage Affiliates offers 5 million common shares

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook

Blog

Japan M&A By the Numbers: Q3 2022


National Storage Affiliates offers 5 million common shares

National Storage Affiliates Trust launched a public offering of 5.0 million common shares of beneficial interest, with a 30-day underwriters' option to buy up to 750,000 additional shares.

Net proceeds will go toward repaying amounts outstanding under the company's revolving line of credit, on which it expects to redraw from time to time to invest in future self-storage property acquisitions, and for general corporate purposes.

Jefferies, Morgan Stanley, Citigroup and Wells Fargo Securities are joint book-running managers for the offering.