WS Investor
27 Jun 2025, 09:54
Public Storage Prices $875 Million Senior Notes Offering
Public Storage, through its subsidiary Public Storage Operating Company (PSOC), has priced a $875 million public offering of senior notes, guaranteed by the parent company.
The offering includes:
• $475 million due 2030 with a 4.375% interest rate
• $400 million due 2035 with a 5.000% interest rate
Proceeds will be used to repay existing 2025 notes and support general corporate needs, including self-storage acquisitions. The offering is set to close on June 30, 2025.
BofA Securities and Wells Fargo Securities are acting as joint book-runners.
Public Storage, through its subsidiary Public Storage Operating Company (PSOC), has priced a $875 million public offering of senior notes, guaranteed by the parent company.
The offering includes:
• $475 million due 2030 with a 4.375% interest rate
• $400 million due 2035 with a 5.000% interest rate
Proceeds will be used to repay existing 2025 notes and support general corporate needs, including self-storage acquisitions. The offering is set to close on June 30, 2025.
BofA Securities and Wells Fargo Securities are acting as joint book-runners.
