The company said its subsidiary Public Storage Operating Company (PSOC) completed the offering of $700 million Floating Rate Senior Notes due 2027 and $300 million 5.350% Senior Notes due 2053, with April 16, 2024. The notes are guaranteed by the company.

1. 01

   The company said its subsidiary Public Storage Operating Company (PSOC) completed the offering of $700 million Floating Rate Senior Notes due 2027 and $300 million 5.350% Senior Notes due 2053, with April 16, 2024. The notes are guaranteed by the company.

2. 02

   The company said the Floating Rate Notes bear interest at Compounded SOFR, reset quarterly, plus 70 basis points (0.700%), are due April 16, 2027, and cannot be redeemed before maturity. The 2053 Notes bear interest at 5.350% per year and are due August 1, 2053.

3. 03

   The company said PSOC issued €150,000,000 of 2039 senior unsecured notes bearing 4.08% annual interest under a Note Purchase Agreement dated April 11, 2024, maturing April 11, 2039. The company said the notes are guaranteed by the company.

4. 04

   The company said PSOC used part of the proceeds from the 2039 Notes sale to repay €100 million 1.54% Senior Notes due April 12, 2024, and retained the balance for general corporate purposes.

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