Public Storage's Canadian unit issues C$400M 4.540% senior notes due 2033

Public Storage

PS Canada Finance ULC issued C$400M 4.540% Senior Notes due Sept 16, 2033; interest payable semi-annually Mar/Sep 16.
Notes guaranteed by Public Storage and Public Storage Operating Company; unsecured and unsubordinated.
Redemption before July 16, 2033 at make-whole price; after that at 100% of principal plus accrued interest.
PSOC must maintain unencumbered assets at least 125% of total unsecured indebtedness under indenture covenants.
Offering made under shelf registration; base and supplemental indentures filed as Exhibits 4.1 and 4.2.

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