SmartStop Self Storage REIT, Inc. filed a Form 8-K with the SEC on August 18, 2026, disclosing that its operating partnership completed a CAD $200 million private placement of 4.317% Senior Unsecured Notes due February 18, 2031.

Key Highlights

  • Offering size: $200 million CAD aggregate principal amount of 4.317% Senior Unsecured Notes due February 18, 2031
  • Issue price: $1,000 CAD per $1,000 CAD principal amount, sold on a private placement basis in Canada
  • Interest payments: Semiannually in arrears on February 18 and August 18 each year, commencing February 18, 2027
  • Credit rating: Rated BBB (Stable) by Morningstar DBRS
  • Guarantors: The Company and certain of its subsidiaries guarantee the 2031 Notes
  • Use of proceeds: Net proceeds applied to repay existing indebtedness, including amounts drawn under the revolving credit facility, and for general corporate purposes

SmartStop OP Completes CAD $200M Private Placement in Canada

According to the filing, SmartStop OP, L.P., the operating partnership of SmartStop Self Storage REIT, Inc. (NYSE:SMA), completed the private placement on August 18, 2026. The 2031 Notes were issued under an indenture with Computershare Trust Company of Canada, as trustee, as supplemented by a third supplemental indenture dated August 18, 2026. The notes were sold exclusively on a private placement basis in Canada and have not been, and will not be, registered under the Securities Act of 1933, as amended.

The filing disclosed that the 2031 Notes carry a coupon rate of 4.317% and mature on February 18, 2031. Interest is payable semiannually in arrears on February 18 and August 18 of each year, with the first payment due February 18, 2027. The notes are guaranteed by the Company and certain of its subsidiaries and carry a BBB (Stable) rating from Morningstar DBRS, according to the filing.

The company disclosed that net proceeds from the offering were used to repay existing indebtedness, including repayment of amounts drawn under its revolving credit facility, and for general corporate purposes. The filing noted that the information furnished under Item 7.01 is deemed "furnished" and not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, and shall not be incorporated by reference into any filing of the Company. A press release dated August 18, 2026, announcing the closing was furnished as Exhibit 99.1.

What Was Disclosed

SmartStop Self Storage REIT, Inc. reported via Form 8-K that its operating partnership closed a CAD $200 million private placement of 4.317% Senior Unsecured Notes due 2031, rated BBB (Stable), with proceeds used to repay existing debt and for general corporate purposes.