Public Storage Prices Public Offering of C$400 Million Senior Notes in its Inaugural Offering in the Canadian Market

Public Storage priced a C$400 million public offering of 4.540% fixed-rate senior notes due 2033, marking its inaugural offering in the Canadian market following its recently completed acquisition of Public Storage Canada. The notes are issued by finance subsidiary PS Canada Finance ULC, guaranteed by Public Storage and Public Storage Operating Company, priced at par, and mature September 16, 2033 with semi-annual interest beginning March 16, 2027. Proceeds will replenish cash used to fund the Public Storage Canada acquisition and support general corporate purposes, including self-storage investments, debt repayment, and redemption of outstanding securities.

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