{"url_path":"/sec/cik-0001300485/8-k/2026-06-24/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-24","source_url":"https://www.sec.gov/Archives/edgar/data/1300485/0001298675-26-000033-index.html","accession_number":"0001298675-26-000033","cik":"0001300485","ticker":null,"issuer_name":"CubeSmart, L.P.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1300485/0001298675-26-000033-index.html","primary_entity_key":"0001300485","primary_entity_name":"CubeSmart, L.P."},"word_count":428,"has_tables":true,"body_markdown":"**Item 1.01    Entry into a Material Definitive Agreement**\n\nOn June 24, 2026, CubeSmart and CubeSmart, L.P., the limited partnership through which CubeSmart owns its assets and conducts its operations, entered into a Third Amended and Restated Credit Agreement (the “Third Amended and Restated Credit Facility”) with the lenders referred to therein (the “Lenders”), and Wells Fargo Bank, National Association, as administrative agent for the Lenders (the “Agent”).  The Third Amended and Restated Credit Facility is comprised of a $1 billion unsecured revolving facility (the “Third Amended Revolver”) maturing on June 24, 2030.  The Third Amended and Restated Credit Facility amends and restates in its entirety our Second Amended and Restated Credit Agreement, dated as of October 26, 2022 (in effect immediately prior to June 24, 2026, the “Second Amended and Restated Credit Facility”). As of June 23, 2026, the Second Amended and Restated Credit Facility consisted of an $850 million unsecured revolving credit facility.\n\n​\n\nUnder the Third Amended and Restated Credit Facility, pricing on the Third Amended Revolver is dependent upon our unsecured debt credit ratings and leverage levels.  At our current unsecured debt credit ratings and leverage levels, amounts drawn under the Third Amended Revolver are priced at 0.775% over the applicable Secured Overnight Financing Rate (the “SOFR”) as determined by the Federal Reserve Bank of New York, plus a facility fee of 0.15%, with no SOFR floor.\n\n​\n\nWe used initial advances under the Third Amended and Restated Credit Facility at closing to repay all amounts that we had drawn under the Second Amended and Restated Credit Facility.  \n\n​\n\nThe Third Amended and Restated Credit Facility contains customary affirmative and negative covenants and also contains financial covenants that, among other things, require us to comply with leverage and fixed charge coverage ratio tests.  The lenders may accelerate amounts outstanding under the Third Amended and Restated Credit Facility upon the occurrence of an event of default, including our failure to pay amounts due or filing of bankruptcy proceedings.\n\n​\n\nCubeSmart and CubeSmart, L.P. are jointly and severally obligated under the Third Amended and Restated Credit Facility.\n\n​\n\nThe amounts available from time to time under the Third Amended and Restated Credit Facility are subject to customary conditions, including satisfaction of financial covenants.\n\n​\n\nThe foregoing description of the Third Amended and Restated Credit Facility is qualified in its entirety by the full terms and conditions of the Third Amended and Restated Credit Facility, a copy of which we have attached as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.\n\n​"}