Public Storage said on October 29, 2026 that it and its subsidiary PSOC entered into an underwriting agreement with the underwriters for the sale of $500 million in senior notes due 2036. PSOC will issue the notes, and Public Storage will guarantee them.

1. 01

   Public Storage said on October 29, 2026 that it and its subsidiary PSOC entered into an underwriting agreement with the underwriters for the sale of $500 million in senior notes due 2036. PSOC will issue the notes, and Public Storage will guarantee them.

2. 02

   The company said the notes will bear interest at an annual rate of 5.600%, be issued at 98.293% of par value, and mature on November 15, 2036. Interest will be paid semi-annually on May 15 and November 15, with the first payment on May 15, 2027.

3. 03

   The company said it expects to use the net proceeds to repay the amount outstanding under PSOC's $1.0 billion commercial paper program and to partially repay, at maturity, $650 million in outstanding principal of PSOC's 1.500% senior notes due 2026 with the remaining proceeds.

4. 04

   The company said the offering is expected to close on November 6, 2026, subject to customary closing conditions. The offering is being made under a Form S-3 shelf registration statement, and a post-effective amendment to that registration statement was filed with the SEC on September 8, 2026.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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