• Public Storage priced a USD 900 million public offering of fixed-rate senior notes to help fund its pending acquisition of National Storage Affiliates Trust.
• Two tranches: USD 400 million 4.7% senior notes due 2032, issued at 99.28% of par; USD 500 million 5.15% notes due 2036, at 98.55%.
• Weighted average effective interest rate set at 4.855%, including interest rate swaps; effective rate on the 2036 notes at 4.979%.
• Closing expected July 20, 2026; interest begins in February 2027 with semiannual payments.
• If the NSA deal fails, the notes must be redeemed at 101% of principal plus accrued interest.

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 on July 09, 2026, and is solely responsible for the information contained therein.