Public Storage (PSA) prices $2.0 billion of senior unsecured notes.
Public Storage (PSA) announced today that it has priced a three-part offering of senior unsecured notes. The total amount of the offering - $2.0 billion - is expected to be used to fund the $1.8 billion purchase of the ezStorage portfolio announced earlier this week. The overall offering includes:
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- $700 million floating rate notes due 2024 (SOFR + 47 bps)
- $650 million 1.850% senior notes due 2028 (T+55 bps)
- $650 million 2.300% senior notes due 2031 (T+70 bps)
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04/15/2021