Core Viewpoint - SmartStop Self Storage REIT, Inc. has successfully completed an amended and restated senior unsecured credit facility amounting to $500 million, enhancing its financial flexibility for growth in the U.S. and Canada [1] Financial Details - The new credit facility is led by a syndicate of banks including KeyBank National Association, Bank of Montreal, and JPMorgan Chase Bank, among others [1] - The facility features an accordion option allowing SmartStop to request an additional $1.1 billion in borrowing capacity [1] - Initial advances under the new facility have interest rates approximately 30 basis points lower than the previous revolving credit facility [1] Strategic Implications - The four-year term of the new facility includes a 12-month extension option, aligning borrowing capacity with long-term strategic plans [1] - The ability to borrow in both U.S. and Canadian dollars provides added versatility for portfolio expansion [1] Company Overview - SmartStop operates over 460 properties across 35 states, the District of Columbia, and Canada, totaling more than 270,000 units and over 35 million rentable square feet [1] - The company also manages 49 self-storage properties in Canada, comprising approximately 42,200 units and 4.3 million rentable square feet [1]