Life Storage LP, founded in 1982 and headquartered in Buffalo, New York, is a prominent self-storage solutions provider dedicated to offering accessible and secure storage options for individuals and businesses. The company operates a vast network of self-storage facilities, providing a range of services including climate-controlled units, vehicle storage, and packing supplies, catering to diverse customer needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| LSI 2.20% 2030-10-15 USDLife Storage LP | United States | 2030-10-15 | 2.200 | 4.41 |
| LSI 2.40% 2031-10-15 USDLife Storage LP | United States | 2031-10-15 | 2.400 | 4.27 |
| LSI 3.88% 2027-12-15 USDLife Storage LP | United States | 2027-12-15 | 3.875 | 5.13 |
| LSI 4.00% 2029-06-15 USDLife Storage LP | United States | 2029-06-15 | 4.000 | 5.14 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Life Storage LP began issuing bonds in 2015, with a notable issuance of $350 million in senior unsecured notes to refinance existing debt and fund expansion efforts. In recent years, the company has achieved competitive yields, aligning closely with industry averages, while offering features such as call options in certain bond tranches. Noteworthy developments include their 2021 bond issuance that raised $500 million, which was primarily allocated for strategic acquisitions, further solidifying their market position.