Public Storage subsidiary prices $500M 5.000% senior notes due 2035

Public Storage

$500M aggregate principal, 5.000% interest, issued at 99.182% of par, due Dec 15, 2035.
Interest payable semi-annually starting June 15, 2026; offering expected to close April 6, 2026.
Proceeds to repay revolving credit facility and for general corporate purposes, including investments.
Notes issued by PSOC, guaranteed by Public Storage; joint book-runners BofA Securities and J.P. Morgan.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Public Storage entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, as joint book-running managers of the several underwriters named therein valued at $500 million aggregate principal amount of senior notes due 2035 (effective 2026-04-01).

Action: entry
Agreement: underwriting
Counterparty: BofA Securities, Inc. and J.P. Morgan Securities LLC, as joint book-running managers of the several underwriters named therein
Value: $500 million aggregate principal amount of senior notes due 2035
Effective: 2026-04-01

Exact text from the filing

On April 1, 2026, Public Storage (the “Company”) and Public Storage Operating Company, a subsidiary of the Company (“PSOC”), entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc. and J.P. Morgan Securities LLC, as joint book-running managers of the several underwriters named therein (the “Underwriters”), for the sale of $500 million aggregate principal amount of senior notes due 2035 (the “Notes”).

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Public Storage filing history →

Source: SEC EDGAR

accession 0001193125-26-140334

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