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Public Storage (NYSE: PSA) sells $500M 5.000% notes maturing 2035
Public Storage Operating Company (PSOC), a subsidiary of Public Storage (NYSE: PSA), is issuing $500 million in senior notes due 2035 with an annual interest rate of 5.000%. The notes will be issued at 99.182% of par value and mature on December 15, 2035, with semi-annual interest payments starting June 15, 2026. The net proceeds are intended for repaying amounts under its revolving credit facility and for general corporate purposes, including investments in self-storage facilities and other debt repayments.