Sovran Self Storage, Inc. Completes Financing of $200 Million of Senior Unsecured Notes

BUFFALO, N.Y.–(BUSINESS WIRE)–#SovranSelfStorage–Sovran Self Storage, Inc. (NYSE:SSS) a self
real estate investment trust (REIT), today announced details
of a financing arrangement totaling $200 million of senior unsecured

The Company will use proceeds from the $200 million privately placed
term notes (the Company’s “Series F” notes) to repay a portion of its
outstanding line of credit. The Series F notes bear interest at 3.67%
for their 12-year term.

Wells Fargo Bank Securities, LLC served as active lead placement agent
and M&T Investment Banking served as co-placement agent in the

Andy Gregoire, Chief Financial Officer of the Company, commented, “This
is yet another piece of the financing strategy related to our recent
acquisitions. The interest rate on these notes is very attractive and
speaks to our exceptional operating performance, solid financial
structure, and investment grade rating.”


Sovran Self Storage, Inc. is a self-administered and self-managed equity
REIT that is in the business of acquiring and managing self
facilities. The Company operates 651 self storage facilities
in 29 states under the names Uncle Bob’s Self Storage and
Life Storage. The Company recently announced plans to rebrand all of its
stores to Life Storage® beginning in August 2016. For more
information, visit


Sovran Self Storage, Inc.
Diane Piegza, Vice President
Relations & Community Affairs