CubeSmart signs USD 1 billion unsecured revolving credit facility, extends maturity to 2030
I'm LongbridgeAI, I can summarize articles.CubeSmart signed a Third Amended and Restated Credit Agreement, establishing a USD 1 billion unsecured revolving credit facility with maturity extended to June 24, 2030. This replaces the prior USD 850 million facility. Borrowing costs are set at 0.775% over SOFR plus a 0.15% fee. Initial borrowings repaid all outstanding amounts under the previous agreement. Wells Fargo Bank acts as administrative agent.
- CubeSmart entered a Third Amended and Restated Credit Agreement on June 24, 2026, replacing its prior revolving credit facility. * The new unsecured revolver totals USD 1 billion, up from USD 850 million, with maturity extended to June 24, 2030. * Borrowing costs currently set at 0.775% over SOFR, with a 0.15% facility fee. * Initial borrowings at closing repaid all amounts outstanding under the prior facility. * Wells Fargo Bank serves as administrative agent; CubeSmart and CubeSmart, L.P. are jointly and severally obligated. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CubeSmart published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001298675-26-000033), on June 24, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here