Public Storage (PSA) Form 8-K — Oct 30, 2026
Public Storage and its subsidiary PSOC entered into an underwriting agreement on October 29, 2026 to sell $500 million of 5.600% senior notes due November 15, 2036, issued at 98.293% of par and guaranteed by Public Storage. The offering, led by BofA Securities, BNP Paribas Securities and Morgan Stanley, is expected to close on November 6, 2026 under an existing Form S-3 shelf registration.
Key figures
- Debt Amount
- 500000000
- Interest Rate
- 5.6
- Maturity Date
- 2036-11-15
- Issue price
- 98.293% of par
- Closing date
- 2026-11-06
- Senior notes repaying
- $650 million of 1.500% Senior Notes due 2026
- Interest payment dates
- May 15 and November 15, commencing May 15, 2027
- Underwriter purchase price
- 97.843% of principal
- Repaid commercial paper program
- $1.0 billion
AI analysis
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