SmartStop Announces the Recast of its Multi-Currency Credit Facility

This section is Partnership Content suppliedThe content in this section is supplied by Business Wire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by Business Wire Article contentLADERA RANCH, Calif. — SmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA), an internally managed real estate investment trust and a premier owner and operator of self-storage facilities in the United States and Canada, today announced that it has completed an amended and restated senior unsecured credit facility in the initial amount of $500 million with a syndicate of banks led by KeyBank National Association, Bank of Montreal, JPMorgan Chase Bank, N.A., M&T Bank, The Bank of Nova Scotia, Truist Bank and Wells Fargo Bank, N.A. The financing will provide SmartStop with additional flexibility to support its continued growth across the United States and Canada.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentArticle content“We are extremely pleased to close this new credit facility, capping off a 12-month process to transform our investment-grade balance sheet,” said H. Michael Schwartz, Chairman and CEO of SmartStop. “This financing further strengthens our balance sheet, lowers our cost of debt, ladders out our debt maturities, and provides the flexibility we need to drive our growth strategy across the U.S. and Canada. The strong support from our banking partners reflects their confidence in our platform, the quality of our portfolio, and our team’s exceptional dedication.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentThe agreement also includes an accordion feature that allows SmartStop to request up to an additional $1.1 billion in borrowing capacity. Initial advances under the Credit Facility bear interest on a pricing grid that is approximately 30 basis points lower than the previous revolving credit facility.Article contentThe new facility has a four-year term and includes an option for a 12-month extension, allowing SmartStop to further align its borrowing capacity with its long-term strategic plans. The company will also be able to borrow in either U.S. or Canadian dollars, offering added versatility as it expands its portfolio in both markets.Article contentKeyBanc Capital Markets, Inc., BMO Capital Markets Corp, JPMorgan Chase Bank, N.A., Manufacturers and Traders Trust Company, Scotia Bank, Truist Securities, Inc. and Wells Fargo Securities acted as Joint Book Runners and Joint Lead Arrangers for the Credit Facility. Bank of Montreal, JPMorgan Chase Bank, N.A., Manufacturers and Traders Trust Company, The Bank of Nova Scotia, Truist Bank and Wells Fargo Bank, N.A. served as Syndication Agents for the credit facility.

The Huntington National Bank, Royal Bank of Canada and U.S.

Bank National Association served as Documentation Agents for the Credit Facility. KeyBank National Association served as Administrative Agent for the Credit Facility.Article contentAbout SmartStop Self Storage REIT, Inc. (SmartStop):Article contentSmartStop Self Storage REIT, Inc. (“SmartStop”) (NYSE: SMA) is a self-managed REIT with a fully integrated operations team of more than 1,000 self-storage professionals focused on growing the SmartStop® Self Storage brand. SmartStop, through its indirect subsidiary, SmartStop REIT Advisors, LLC, also sponsors other self-storage programs and, through its Managed Platform, offers third-party management services in the U.S. and Canada. As of February 18, 2026, SmartStop has an owned or managed portfolio of over 460 operating properties in 35 states, the District of Columbia, and Canada, comprising over 270,000 units and more than 35 million rentable square feet. SmartStop and its affiliates own or manage 49 operating self-storage properties across four provinces in Canada, which total approximately 42,200 units and 4.3 million rentable square feet. Additional information regarding SmartStop is available at www.smartstopselfstorage.com.Article contentArticle contentForward-Looking Statements:Article contentThis press release contains forward-looking statements within the meaning of the federal securities laws. Forward-looking statements can generally be identified by the use of words such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” or similar expressions, or the negative of such terms and in this press release includes the statements regarding our ability to increase the borrowing capacity or extend the term of our credit facility at the end of four years. These statements are subject to our ability at that time to satisfy the conditions to our making such election, or exercising such option, as applicable, that are set forth in the credit agreement, such as the recertification of the representations and warranties made by us in the credit agreement and the payment of all fees associated therewith.Article contentArticle contentArticle contentArticle contentView source version on businesswire.com: Article content https://www.businesswire.com/news/home/20260218315695/en/Article contentArticle contentContactsArticle contentInvestor Relations Contact: Article contentArticle contentDavid CorakArticle contentArticle contentSenior VP of Corporate Finance and StrategyArticle contentArticle contentSmartStop Self Storage REIT, Inc.Article contentArticle contentIR@smartstop.com Article contentMedia Relations Contact: Spotlight Marketing Communications 949-427-5172 info@spotlightmc.com#distroArticle contentTrending Garry Marr: For young Canadians who bought at peak of market, Home Buyers' Plan was invitation to disaster First-Time Homebuyers Cooler inflation gives Bank of Canada an opening to cut rates if economy falters, say economists Economy Posthaste: Canada's biggest city is losing momentum, and that's a problem for the whole country News Revenge of the junior miners: TSX Venture hot list reveals major rebound Mining Canada's defence industrial strategy is big on ambition, but not details, critics say Economy Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. Garry Marr: For young Canadians who bought at peak of market, Home Buyers' Plan was invitation to disaster First-Time Homebuyers Cooler inflation gives Bank of Canada an opening to cut rates if economy falters, say economists Economy Posthaste: Canada's biggest city is losing momentum, and that's a problem for the whole country News Revenge of the junior miners: TSX Venture hot list reveals major rebound Mining Canada's defence industrial strategy is big on ambition, but not details, critics say Economy