Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self storage properties, announced today that its operating partnership, Life Storage LP (the "Operating Partnership”), priced an offering of $400 million aggregate principal amount of 2.200% Senior Unsecured Notes due 2030 (the "Notes”). The Notes will be issued at 99.524% of par value with a coupon of 2.200%. Interest on the Notes is payable semi-annually on April 15 and October 15 of each year, commencing on April 15, 2021. The Notes will mature on October 15, 2030. The Notes will be guaranteed by Life Storage, Inc. The offering is expected to close on September 23, 2020 subject to the satisfaction of customary closing conditions.
The Operating Partnership expects to use net proceeds from this offering to repay in full its $100 million unsecured term note maturing August 5, 2021, along with accrued interest and prepayment fees related thereto, and amounts outstanding under its unsecured line of credit. Remaining proceeds will be used for future acquisitions of self storage properties and for general corporate purposes. Wells Fargo Securities, LLC, U.S. Bancorp Investments, Inc., Jefferies LLC and Truist Securities, Inc. acted as joint book-running managers for the offering. Citigroup Global Markets Inc., HSBC Securities (USA) Inc. and M&T Securities, Inc. acted as co-managers for the offering.
The Operating Partnership has filed an effective registration statement (including a prospectus supplement and accompanying prospectus) with the Securities and Exchange Commission (the "SEC”) relating to the offering to which this communication relates. Before making an investment in the Notes, potential investors should read the prospectus supplement, the accompanying prospectus and the other documents that we and the Operating Partnership have filed with the SEC for more complete information about us and the offering. Potential investors may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it by contacting:
Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attention: WFS Customer Service, by telephone at 1-800-645-3751 or by email at email@example.com.
U.S. Bancorp Investments, Inc., 214 N. Tryon Street, 26th Floor, Charlotte, NC 28202 or by telephone at 1-877-558-2607.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these Notes in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offer or sale of the Notes will be made only by means of a prospectus supplement relating to the offering of the Notes and the accompanying prospectus.
ABOUT LIFE STORAGE, INC:
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 875 storage facilities in 29 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 475,000 customers, making it a leader in the industry. For more information visit https://invest.lifestorage.com.
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You can now follow your favourite workout routine, get to deep work with LoFi music, or do a quick meditation session from the comfort of your Mac BENGALURU, India, May 1, 2021 /PRNewswire/ -- Global health and fitness platform Ultrahuman officially launched its Mac app to help users meditate, get to deep work with LoFi music & productivity playlists, & even workout from the comfort of their Mac.With the launch of the beautifully designed Mac app, accessing content from the world's best fitness experts has become even more seamless and simple."Office workers spend a jaw-dropping 1,700 hours a year in front of a computer - and that's just in the US. With Ultrahuman Mac app launch, our users' favourite work screen is now their favourite workout, mindfulness and sleep destination as well! Within a few days of launch, we were trending on #1 on Mac Store which also shows that people need seamless and quick access to their favourite relaxation, productivity and fitness apps, especially as we embrace the Work From Home culture," said Mohit Kumar, Founder & CEO, Ultrahuman.More about Ultrahuman
Ultrahuman is a fitness platform that helps people meditate, workout efficiently, and optimize their sleep with the help of athletes, neuroscientists, artists, and psychologists—all in one place. It was officially launched at the world's largest tech exhibition, CES, in January 2021.The core differentiator of the Ultrahuman app is bringing the best athletes, fitness coaches and psychologists in the world on one platform. Partners include leading athletes and celebrities like Crossfit world champion Kara Saunders, fitness celebrity Amanda Cerny, coach Johannes Bartl, hybrid athlete, and coach Kris Gethin, MindSize CEO Christian Straka, UCLA Mindfulness Director Diana Winston, to name a few.Biofeedback TechnologyCompared to Calm and Headspace's celebrity content approach—Ultrahuman uses a technology platform-based approach to improve the experience and sustainable long-term results.The Ultrahuman app integrates with the Apple Watch to provide real-time biofeedback to measure and improve the efficacy of meditation and workouts. You can not only see the calories burned and your heart rate but also track your progress day-on-day. Also, for the first time, you can see the impact of your meditation session with a drop in your heart rate as you feel less stressed and more relaxed.
Ever-growing fitness content library from top global expertsUltrahuman features an ever-growing library of thousands of hours of content across Body Workouts, Meditation, Bedtime Stories, and Brain Music categories designed by experts to empower users to unleash their personal best in mind and body.● Workouts: There are body Body Workout programs - including HIIT classes, Yoga, running, and more designed for all fitness levels. What makes each program unique is the combination of mind, body, and recovery that empowers users to maximize results and stay focused on consistent practice.● Meditation: The life-changing skill of meditation backed by cutting-edge research is the core of the experience.● Bedtime Stories: Bedtime Stories written by award-winning authors are designed to educate, delight, and relax users into sleep.
● Brain Music: Music from various neuro-musicians, classical music legends, and artists, including Grammy Award winners, is designed to relax, help with focus and productivity, sleep, and more.Assets are available for download here. Press Contact - firstname.lastname@example.orgAbout Ultrahuman: Ultrahuman is a fitness platform that helps people meditate, workout efficiently, and optimize their sleep with the help of athletes, neuroscientists, artists, and psychologists—all in one place. Ultrahuman is available on iOS, Android, Mac, Apple Watch, Wear OS. Follow us on Twitter, Facebook, Instagram, and LinkedIn.Related FilesUltrahuman Mac App Press Release.pdf
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