Public Storage issues €425M 3.500% senior notes due 2034 to repay €242M 2025 notes

Public Storage

€425M aggregate principal, 3.500% interest, issued at 99.447% of par, matures Jan 20, 2034.
Net proceeds to repay €242M of 2.175% senior notes due Nov 2025 and for general corporate purposes.
Notes issued by PSOC, guaranteed by PSA; expected closing Oct 3, 2025.
Underwriters include BNP Paribas, Goldman Sachs & Co. LLC, and Morgan Stanley & Co. International plc.

item 1.01item 9.01

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