MergerJul 22, 2026, 05:16 PM
National Storage Affiliates Trust Completes Merger with Public Storage
AI Summary
National Storage Affiliates Trust (NSA) announced the completion of its merger with Public Storage. In connection with the transaction, NSA merged into Merger Sub I, a subsidiary of Public Storage, and Merger Sub II merged into NSA OP. Following the merger, NSA repaid in full and terminated four material definitive credit agreements, including those dated January 3, 2023, June 24, 2022, April 24, 2019, and December 21, 2018, without incurring any material early termination penalties.
Key Highlights
- National Storage Affiliates Trust (NSA) completed its merger with Public Storage.
- NSA merged into Merger Sub I, a wholly owned subsidiary of Public Storage.
- Merger Sub II, a subsidiary of PSA OP, merged with NSA OP.
- NSA repaid and terminated a Third Amended and Restated Credit Agreement dated January 3, 2023.
- NSA repaid and terminated a Credit Agreement dated June 24, 2022.
- NSA repaid and terminated a Credit Agreement dated April 24, 2019.
- NSA repaid and terminated a Credit Agreement dated December 21, 2018.
- No material early termination penalties were incurred for the terminated credit agreements.
Price Impact
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