Financing ·
Public Storage entered into an underwriting agreement on September 9, 2026, for the sale of C$400 million in aggregate…
PSA-PGPublic Storage
Public Storage entered into an underwriting agreement on September 9, 2026, for the sale of C$400 million in aggregate principal amount of senior notes due 2033. The notes are issued by PS Canada Finance ULC and guaranteed by Public Storage and its subsidiary, bearing interest at 4.540% with semi-annual payments commencing March 16, 2027. The offering is expected to close on September 16, 2026, with net proceeds intended to replenish cash used for the Public Storage Canada acquisition and for general corporate purposes, including facility investments and debt repayment. Public Storage operates in the self-storage industry.