Notes will be guaranteed by the company.

Notes will be released in two installments with a weighted average interest rate of about 4.661%.

2030 The first hung of the total original amount of $ 475 million of fixed rate senior notes will bear the interest at an annual rate of 4.375%, will be issued at 99.707% equal price and mature on 1 July 2030. The impact of the interest rate swap, the effective interest rate of 2030 notes includes the SOFR Plus 92 basis points.

The 2035 will bear the interest rate of $ 400 million of fixed rate senior notes at an annual rate of 5.000% of the total amount of $ 400 million, 99.557% will be issued at equal price and mature on 1 July 2035.

The company said that it would pay interest on notes on 1 January and 1 July of each year on 1 January 2026.

The offer is expected to be closed on 30 June 2025 under the satisfaction of customary closing conditions.

Public storage operating company hopes to use pure income to repay your outstanding $ 400 million for general corporate purposes for general corporate purposes, including the acquisition of self-storey features and other loans, for general corporate purposes.

The idea and opinion expressed here are the idea and opinion of the author and not necessarily Nasdac, Inc.