| | ||||||||||||||
Title of Securities
to be Registered |
| | |
Maximum Aggregate
Offering Price |
| | |
Amount of
Registration Fee |
| ||||||
2.000% Senior Notes due 2031
|
| | | | $ | 450,000,000 | | | | | | $ | 49,095(1) | | |
| | ||||||||||||||
| | | |
Per Note
|
| | |
Total
|
| ||||||
Public offering price(1)
|
| | | | | 99.074% | | | | | | $ | 445,833,000 | | |
Underwriting discount
|
| | | | | .650% | | | | | | $ | 2,925,000 | | |
Proceeds, before expenses, to CubeSmart, L.P.(1)
|
| | | | | 98.424% | | | | | | $ | 442,908,000 | | |
|
Wells Fargo Securities
|
| |
Barclays
|
| |
Jefferies
|
|
| BofA Securities | | |
Regions Securities LLC
|
| |
US Bancorp
|
|
| BMO Capital Markets | | |
Stifel
|
| |
Truist Securities, Inc.
|
|
| | | | | S-1 | | | |
| | | | | S-1 | | | |
| | | | | S-4 | | | |
| | | | | S-4 | | | |
| | | | | S-5 | | | |
| | | | | S-8 | | | |
| | | | | S-11 | | | |
| | | | | S-12 | | | |
| | | | | S-13 | | | |
| | | | | S-22 | | | |
| | | | | S-28 | | | |
| | | | | S-34 | | | |
| | | | | S-34 | | | |
| | | | | S-35 | | | |
| | | | | S-36 | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 14 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 32 | | | |
| | | | | 33 | | | |
| | | | | 34 | | | |
| | | | | 39 | | | |
| | | | | 39 | | |
| | |
June 30, 2020
|
| |||||||||
| | |
Actual
|
| |
As Adjusted
|
| ||||||
| | |
(in thousands)
(unaudited) |
| |||||||||
Cash and Cash Equivalents(1)
|
| | | $ | 3,457 | | | | | $ | 161,665 | | |
| | | | | | | | | | | | | |
Debt: | | | | | | | | | | | | | |
Revolving credit facility(2)
|
| | | $ | 15,400 | | | | | $ | — | | |
Mortgage loans and notes payable, net
|
| | | | 94,488 | | | | | | 94,488 | | |
4.800% senior notes due 2022, net
|
| | | | 249,481 | | | | | | — | | |
4.375% senior notes due 2023, net
|
| | | | 299,458 | | | | | | 299,458 | | |
4.000% senior notes due 2025, net
|
| | | | 298,619 | | | | | | 298,619 | | |
3.125% senior notes due 2026, net
|
| | | | 297,561 | | | | | | 297,561 | | |
4.375% senior notes due 2029, net
|
| | | | 345,550 | | | | | | 345,550 | | |
3.000% senior notes due 2030, net
|
| | | | 346,052 | | | | | | 346,052 | | |
2.000% senior notes due 2031, net
|
| | | | — | | | | | | 442,108 | | |
Total debt, net
|
| | | | 1,946,609 | | | | | | 2,123,836 | | |
Limited Partnership interests of third parties
|
| | | | 51,407 | | | | | | 51,407 | | |
Capital: | | | | | | | | | | | | | |
Total capital
|
| | | | 1,768,717 | | | | | | 1,768,717 | | |
Total Capitalization
|
| | | $ | 3,766,733 | | | | | $ | 3,943,960 | | |
Initial Purchaser
|
| |
Amount of
Notes |
| |||
Wells Fargo Securities, LLC.
|
| | | $ | 117,000,000 | | |
Barclays Capital Inc.
|
| | | | 112,500,000 | | |
Jefferies LLC
|
| | | | 112,500,000 | | |
BofA Securities, Inc..
|
| | | | 22,500,000 | | |
Regions Securities LLC
|
| | | | 22,500,000 | | |
U.S. Bancorp Investments, Inc..
|
| | | | 22,500,000 | | |
BMO Capital Markets Corp.
|
| | | | 13,500,000 | | |
Stifel, Nicolaus & Company, Incorporated
|
| | | | 13,500,000 | | |
Truist Securities, Inc.
|
| | | | 13,500,000 | | |
Total
|
| | | $ | 450,000,000 | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 1 | | | |
| | | | | 3 | | | |
| | | | | 5 | | | |
| | | | | 6 | | | |
| | | | | 7 | | | |
| | | | | 8 | | | |
| | | | | 14 | | | |
| | | | | 17 | | | |
| | | | | 18 | | | |
| | | | | 19 | | | |
| | | | | 32 | | | |
| | | | | 33 | | | |
| | | | | 34 | | | |
| | | | | 39 | | | |
| | | | | 39 | | |
|
Wells Fargo Securities
|
| | Barclays | | | Jefferies | |
|
BofA Securities
|
| |
Regions Securities LLC
|
| |
US Bancorp
|
|
|
BMO Capital Markets
|
| | Stifel | | |
Truist Securities, Inc.
|
|
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