Public Storage entered into an underwriting agreement for a $900 million senior notes offering to help fund its pending acquisition of National Storage Affiliates Trust and for general corporate purposes. The deal includes $400 million of 4.700% notes due 2032, issued at 99.283% of par, and $500 million of 5.150% notes due 2036, issued at 98.553% of par. The notes will be issued by Public Storage Operating Company and guaranteed by Public Storage, with closing expected on July 20, 2026, subject to customary conditions.
Agreement details:
- Agreement type: Underwriting agreement for $900 million senior notes offering (2032 and 2036 tranches)
- Counterparty: Goldman Sachs and Wells Fargo Securities, as representatives of the underwriters
- Signed / Effective: Jul 09 2026 / same
- Reason: Finance NSA acquisition and general corporate purposes
Original SEC Filing:
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