Public Storage has priced a public offering of C$400 million aggregate principal amount of fixed-rate senior notes due 2033, marking its inaugural offering in the Canadian market. The notes, issued by its finance subsidiary PS Canada Finance ULC and guaranteed by the Company and Public Storage Operating Company, carry an annual interest rate of 4.540% and mature on September 16, 2033. The offering, expected to close on September 16, 2026, follows the recent acquisition of Public Storage Canada, and net proceeds will replenish cash used for that acquisition and fund general corporate purposes. Scotiabank and TD Securities are joint book-running managers for the offering, which is made under an effective shelf registration statement filed with the SEC.
Bank of Nova Scotia
Toronto Dominion BankPublic StoragePublic Storage priced C$400M senior notes to replenish cash used for its Public Storage Canada acquisition and general corporate purposes.
