Public Storage (PSA): debt financing — Public Storage closes $500M offering of 5.000% senior notes due 2035

Public Storage

PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.
Interest payable semi-annually starting June 15, 2026; notes are unsecured and unsubordinated.
Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.
Notes redeemable at make-whole price, or at par after Sep 15, 2035.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Public Storage incurred senior notes of $500 million with Computershare Trust Company, N.A. at 5.000% per annum maturing December 15, 2035.

Instrument: senior notes
Principal: $500 million
Counterparty: Computershare Trust Company, N.A.
Rate: 5.000% per annum
Maturity: December 15, 2035
Event: incurrence

Exact text from the filing

On April 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.000% Senior Notes due 2035 (the “Notes”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.99

Public Storage entered into Twenty-Second Supplemental Indenture relating to 5.000% Senior Notes due 2035 with Computershare Trust Company, N.A. valued at $500,000,000 5.000% Senior Notes due 2035 (effective 2026-04-06).

Action: entry
Agreement: notes offering
Counterparty: Computershare Trust Company, N.A.
Value: $500,000,000 5.000% Senior Notes due 2035
Effective: 2026-04-06

Exact text from the filing

On April 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.000% Senior Notes due 2035 (the “Notes”).

View on SEC.gov

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Source: SEC EDGAR

accession 0001193125-26-143776

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