CubeSmart Announces Pricing of 4.375% Senior Unsecured Notes Due 2029
CubeSmart Common Shares (CUBE)
Last cubesmart common shares earnings: 2/20 04:30 pm
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Source: GlobeNewswire
MALVERN, Pa., Jan. 24, 2019 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) today announced that its operating partnership, CubeSmart, L.P. (the “Operating Partnership”), priced an offering of $350.0 million aggregate principal amount of 4.375% senior unsecured notes due 2029 (the “Notes”) in an underwritten public offering. The Notes were priced at 99.356% of the principal amount with a yield to maturity of 4.455%. The Notes will be fully and unconditionally guaranteed by CubeSmart. The offering is expected to close on January 30, 2019, subject to the satisfaction of customary closing conditions. The Operating Partnership intends to use the net proceeds to repay $200.0 million of indebtedness incurred under the unsecured term loan portion of its credit facility maturing in January 2019 and to use the remaining net proceeds for working capital and other general corporate purposes, which may include repayment or repurchase of other indebtedness. Wells Fargo Securities, Barclays and Jeff
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News
- CubeSmart Reports First Quarter 2024 ResultsGlobeNewswire
- CubeSmart (NYSE: CUBE) had its price target raised by analysts at Wells Fargo & Company from $42.00 to $46.00. They now have an "equal weight" rating on the stock.MarketBeat
- CubeSmart Announces the Date of Its First Quarter 2024 Earnings Release and Conference CallGlobeNewswire
- CubeSmart (NYSE: CUBE) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $48.00 price target on the stock.MarketBeat
- CubeSmart Declares First Quarter 2024 DividendGlobeNewswire
CUBE
Earnings
- 4/25/24 - In-Line
CUBE
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- CUBE's page on the SEC website