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Public Storage Prices $500 Million Senior Notes Due 2035

BY MT Newswires | CORPORATE | 03:56 AM EDT

03:56 AM EDT, 04/02/2026 (MT Newswires) -- Public Storage (PSA) said late Wednesday its subsidiary priced a $500 million offering of fixed-rate senior notes due 2035.

The notes will be issued at 99.182% of par, bear a 5% annual interest rate and mature on Dec. 15, 2035, with interest paid semi-annually starting June 15, 2026.

Proceeds from the offering, expected to close on April 6, will be used to repay borrowings under its revolving credit facility and for general corporate purposes, including investments in self-storage assets, debt repayment, and potential redemption of existing securities, the company said.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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