Public Storage Prices $288.76 Million Notes Offering

04:27 AM EDT, 09/10/2026 (MT Newswires) -- Public Storage (PSA) said Wednesday it priced a 400 million Canadian dollars ($288.76 million) offering of fixed-rate senior notes due 2033. The company said the notes will carry a 4.54% annual interest rate and mature on Sept. 16, 2033. They will be issued at par and pay interest twice a year, on March 16 and Sept. 16, beginning March 16, 2027, it added. The notes will be issued by Public Storage's finance subsidiary, PS Canada Finance ULC, and guaranteed by Public Storage and Public Storage Operating Company, the company said. Public Storage said it plans to use the proceeds from the offering, expected to close on Sept. 16, to replenish cash used for its acquisition of Public Storage Canada and for general corporate purposes, including acquisitions, development, debt repayment and security redemptions.