Public Storage Prices Public Offering of Senior Notes
Public Storage (PSA)
Last public storage earnings: 4/30 04:00 pm
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US:NYSE Investor Relations:
investors.publicstorage.com/home/default.aspx
Company Research
Source: Business Wire
GLENDALE, Calif.--(BUSINESS WIRE)--Public Storage (NYSE:PSA, the “Company”) announced today that the Company’s subsidiary, Public Storage Operating Company (“PSOC”), has priced a public offering of $1.0 billion aggregate principal amount of senior notes (the “Notes”). The Notes will be guaranteed by the Company.The Notes will be issued in two tranches with an initial weighted average interest rate of approximately 5.8%. The first tranche of $700 million aggregate principal amount of floating rate senior notes due 2027 will bear interest at a rate equal to Compounded SOFR (as defined in the prospectus supplement relating to the offering), reset quarterly, plus 70 basis points, will be issued at 100.000% of par value and will mature on April 16, 2027 (the “floating rate notes”). We will pay interest on the floating rate notes quarterly on April 16, July 16, October 16 and January 16 of each year, commencing July 16, 2024. The second tranche of $300 million aggregate principal amount
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PSA
Earnings
- 2/20/24 - Miss
PSA
Sec Filings
- 4/23/24 - Form 4
- 4/16/24 - Form 8-K
- 4/11/24 - Form 8-K
- PSA's page on the SEC website