Public Storage issues $900M senior notes to fund National Storage Affiliates Trust acquisition

Public Storage

$400M 4.700% notes due 2032 at 99.283%; $500M 5.150% notes due 2036 at 98.553%.
Notes issued by PSOC, guaranteed by Public Storage; expected close July 20, 2026.
Net proceeds to partly finance pending acquisition of National Storage Affiliates Trust.
Underwriters include Goldman Sachs & Co. LLC and Wells Fargo Securities, LLC.

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