Public Storage Prices Public Offering of $500 Million of Senior Notes at an Effective Interest Rate of 5.200%
Business Wire•29/10/2026•17:57 ET
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Key Highlights
- ➤Public Storage (PSA) prices $500 million senior notes due 2036
- ➤5.600% coupon and 5.200% effective interest rate after swaps
- ➤Notes issued at 98.293% of par value and mature November 15, 2036
- ➤Proceeds repay commercial paper and partially refinance $650 million 1.500% notes due 2026
- ➤Offering expected to close November 6, 2026, subject to customary conditions
Public Storage Prices Public Offering of $500 Million of Senior Notes at an Effective Interest Rate of 5.200%
Public Storage (NYSE:PSA, the “Company”) announced today that it has priced a public offering of $500 million aggregate principal amount of fixed rate senior notes due 2036 (the “Notes”). The Notes will be issued by Public Storage Operating Company (“PSOC”) and guaranteed by the Company.
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