Public Storage Prices Public Offering of $500 Million of Senior Notes at an Effective Interest Rate of 5.200%

FRISCO, Texas–(BUSINESS WIRE)–Public Storage (NYSE:PSA, the “Company”) announced today that it has priced a public offering of $500 million aggregate principal amount of fixed rate senior notes due 2036 (the “Notes”). The Notes will be issued by Public Storage Operating Company (“PSOC”) and guaranteed by the Company.The Notes will bear interest at an annual rate of 5.600%, will be issued at 98.293% of par value and will mature on November 15, 2036. Including the impact of prior interest rate s

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