NYSE:CUBESpecialized REITs
CubeSmart's $450 Million Debt Raise Could Be a Game Changer for CUBE
On August 20, 2025, CubeSmart and its operating partnership completed the sale of US$450 million in 5.125% senior notes due 2035, guaranteeing principal and interest payments, with net proceeds of about US$440.2 million expected to be used for repaying existing debt and general corporate purposes.
This debt issuance signals a focused effort to strengthen CubeSmart's balance sheet and enhance long-term financial flexibility through proactive capital management.
Now, we'll explore how...