Life Storage (LSI) Prices $306M Public Offering

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Go back to Life Storage (LSI) Prices $306M Public Offering

Life Storage, Inc. Announces Pricing of Offering of 2,500,000 Shares of Common Stock

September 13, 2021 8:25 PM EDT

BUFFALO, N.Y.--(BUSINESS WIRE)-- Life Storage, Inc. (NYSE: LSI), a leading national owner and operator of self-storage properties, announced the pricing of an underwritten public offering of 2,500,000 shares of its common stock for expected gross proceeds of approximately $306 million. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering. Life Storage has granted the underwriters a 30-day option to purchase up to an additional 375,000 shares of common stock. This offering is expected to close on or about September 16, 2021, subject to customary closing... More