Public Storage Prices Public Offering of Euro-Denominated Senior Notes
Core Viewpoint - Public Storage has announced a public offering of €425 million in senior notes due 2034, indicating a strategic move to raise capital through debt issuance [1] Group 1: Offering Details - The offering consists of senior notes with an aggregate principal amount of €425 million [1] - The notes will bear an annual interest rate of 3.500% and will be issued at 99.447% of par value [1] - Maturity date for the notes is set for January 20, 2034, with interest payable annually [1] Group 2: Guarantees and Structure - The notes will be guaranteed by Public Storage, providing an additional layer of security for investors [1]