SmartStop Announces the Recast of its Multi-Currency Credit Facility

SmartStop Self Storage REIT, Inc. has finalized an amended and restated senior unsecured credit facility worth $500 million, led by several major banks. This new facility aims to enhance the company’s financial flexibility, support growth in the U.S. and Canada, reduce debt costs, and extend debt maturities. The agreement also includes an accordion feature allowing for an additional $1.1 billion in borrowing capacity and provides the flexibility to borrow in both U.S. and Canadian dollars.