• Public Storage closed a new USD 3 billion unsecured revolving credit facility, replacing its USD 1.5 billion revolver due June 12, 2027.
• The revolver matures June 25, 2030, with extension options through June 25, 2031; it includes a USD 2 billion accordion feature.
• It also put in place a USD 500 million delayed draw term loan, available through Dec. 22, 2026, maturing June 25, 2031.
• Revolver pricing is SOFR + 0.65%, 15 basis points tighter than the prior facility; the term loan is SOFR + 0.7%.
• A USD 1 billion unsecured commercial paper program was established, with notes ranking pari passu with other senior unsecured debt.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Public Storage published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-282750), on June 25, 2026, and is solely responsible for the information contained therein.