National Storage Affiliates Trust (NASDAQ:NSA) Files An 8-K Entry into a Material Definitive Agreement

National Storage Affiliates Trust (NASDAQ:NSA) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01. Entry into a Material Definitive Agreement.

On December 12, 2016, National Storage Affiliates Trust, a Maryland
real estate investment trust (the Company), and NSA OP, LP, a
Delaware limited partnership (the “Operating Partnership”),
entered into an underwriting agreement with Jefferies LLC and
Morgan Stanley Co. LLC, as representatives of the several
underwriters named in Schedule A thereto, under which the Company
agreed to sell, and the underwriters agreed to purchase, subject to
the terms and conditions set forth in the underwriting agreement,
an aggregate of 4,500,000 of the Company’s common shares of
beneficial interest, par value $0.01 per share (the “Shares”) at
a price of $20.48 per share. In addition, the Company granted to
the underwriters a 30-day option to purchase up to an additional
675,000 Shares at the same price. The Company received aggregate
net proceeds from the offering of approximately $91.7 million after
deducting the estimated offering expenses. The Shares are being
offered and sold under a prospectus supplement and accompanying
prospectus filed with the U.S. Securities and Exchange Commission
to a shelf registration statement on Form S-3 (File No.
333-211570). The offering closed on December 16, 2016.
A copy of the Underwriting Agreement is attached as Exhibit 1.1 to
this Current Report on Form 8-K and is incorporated herein by
reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
1.1
Underwriting Agreement, dated December 12, 2016, among
National Storage Affiliates Trust and NSA OP, LP and
Jefferies LLC and Morgan Stanley Co. LLC, as
representatives of the several underwriters named
therein
5.1
Opinion of Clifford Chance US LLP (including consent of
such firm)
8.1
Tax Opinion of Clifford Chance US LLP (including
consent of such firm)
23.1
Consent of Clifford Chance US LLP (included in Exhibit
5.1)
23.2
Consent of Clifford Chance US LLP (included in Exhibit
8.1)
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