Is there a tool or combination of tools in ArcGIS Pro that can create a feature class that corresponds to an existing feature class extent similar to the QGIS tool Create Layer from Extent?
I want to create a simple rectangular polygon dataset based on the extent of another layer. This will be used to do some batch processing. The function Minimum Bounding Geometry in ArcGIS isn't appropriate as it creates polygons for the bounding area of features rather than a rectangular polygon like QGIS creates. I have looked through the list of tools and can't identify an appropriate tool. I have searched the toolbox using keywords such as extract, extent, make, create, bounding, but haven't found the right tool.
Here is how it is done in QGIS:
