Mini Mall Storage Properties Announces $650 Million Senior Unsecured Debenture Offering

Core Viewpoint - Mini Mall Storage Properties Trust has announced a total offering of $650 million in senior unsecured debentures, consisting of $350 million Series C and $300 million Series D, expected to close on January 30, 2026 [1][2]. Group 1: Offering Details - The Series C Debentures will mature on January 30, 2028, while the Series D Debentures will mature on July 30, 2031 [2]. - The Series C Debentures will have a fixed annual interest rate of 4.161%, and the Series D Debentures will have a fixed annual interest rate of 5.034%, with interest payable semi-annually starting July 30, 2026 [3]. - The Debentures will rank equally with all other unsecured and unsubordinated indebtedness of Mini Mall [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized to refinance existing indebtedness, fund the acquisition of additional properties, and for general corporate purposes [4]. Group 3: Company Background - Avenue Living Group, the parent company of Mini Mall, manages over $9 billion in assets across 22 states in the U.S. and seven provinces in Canada, with a focus on long-term investments in impactful asset classes [6]. - Mini Mall operates over 12.9 million square feet of self-storage space, contributing to Avenue Living Group's diverse portfolio [6].