Company: NSA-PB
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001628280-25-022674
Chunk: 30

Company: National Storage Affiliates Trust
Filing Date: 2025-05-06
Form: 10-Q
Item: Item 1
Chunk 30
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,000 50,000 September 2031 Senior Unsecured Notes5.55 %125,000 125,000 November 2031 Senior Unsecured Notes2.81 %175,000 175,000 August 2032 Senior Unsecured Notes3.09 %100,000 100,000 November 2032 Senior Unsecured Notes5.06 %200,000 200,000 May 2033 Senior Unsecured Notes3.10 %55,000 55,000 October 2033 Senior Unsecured Notes6.73 %50,000 50,000 November 2033 Senior Unsecured Notes2.96 %125,000 125,000 2034 Senior Unsecured Notes5.74 %150,000 150,000 2036 Senior Unsecured Notes3.06 %75,000 75,000 Fixed rate mortgages payable3.54 %200,260 200,793 Total principal3,436,060 3,459,093 Unamortized debt issuance costs and debt premium, net(9,394)(10,006)Total debt$3,426,666 $3,449,087 (1)Represents the effective interest rate as of March 31, 2025. Effective interest rate incorporates the stated rate plus the impact of interest rate cash flow hedges and discount and premium amortization, if applicable. For the revolving line of credit, the effective interest rate excludes fees for unused borrowings.As of March 31, 2025, the Company's unsecured credit facility provided for total borrowings of $1.355 billion (the "credit facility") consisting of the following components: (i) a revolving line of credit (the "Revolver") which provides for a total borrowing commitment up to $950.0 million, under which the Company may borrow, repay and re-borrow amounts, (ii) a $275.0 million tranche D term loan facility (the "Term Loan D") and (iii) a $130.0 million tranche E term loan facility (the "Term Loan E"). As of March 31, 2025, the Company had an expansion option under the credit facility, which, if exercised in full, would provide for a total borrowing capacity of $1.900 billion.

19

As of March 31, 2025, the Company had outstanding letters of