Companies
Companies
Public Storage agrees C$400 million notes offering at 4.540% due 2033
Proceeds will replenish cash used for the Public Storage Canada acquisition and support general corporate purposes. The offering is expected to close September 16.
TickerGrove Newsroom · Published · Event · Public Storage Form 8-K — Items 1.01 / 9.01
Sources
Verified facts from Public Storage Form 8-K AccNo 0001193125-26-387986, Items 1.01 / 9.01 (Entry into a Material Definitive Agreement; Exhibits incl. 1.1 Underwriting Agreement). Filed September 10, 2026; agreement dated September 9, 2026. Company disclosed a C$400 million Canadian-dollar senior notes offering at 4.540% due September 16, 2033, issued by PS Canada Finance ULC and guaranteed by Public Storage and Public Storage Operating Company; expected close September 16, 2026 subject to customary closing conditions. Proceeds: replenish cash used to fund the Public Storage Canada acquisition and other general corporate purposes. Currency is Canadian dollars (C$). Read as agreed / expected close — not as completed settlement. No USD equivalent, credit ratings, FX conversion, acquisition purchase price, or share-price reaction are stated here.
Facts are as of the September 9, 2026 Underwriting Agreement (Form 8-K filed September 10, 2026). Read as agreed / expected close September 16, 2026 subject to customary conditions — not as settled delivery unless later confirmed. Currency is Canadian dollars (C$). Proceeds = replenish cash used for the Public Storage Canada acquisition and other GCP only.
Visual brief
Verified figures
Sources & evidenceCAD aggregate principal
C$400M
PS Canada Finance ULC aggregate principal amount of senior notes due 2033 (guaranteed by Public Storage and PSOC) · CAD
Underwriting Agreement dated September 9, 2026; Form 8-K AccNo 0001193125-26-387986
Public Storage via SEC EDGARPublic Storage Form 8-K — Items 1.01 and 9.01 (AccNo 0001193125-26-387986)SEC Form 8-K · 09-10-2026annual coupon %
4.540%
Annual interest rate on the Notes; issued at par value
Underwriting Agreement / Item 1.01 AccNo 0001193125-26-387986
Public Storage via SEC EDGARPublic Storage Form 8-K — Items 1.01 and 9.01 (AccNo 0001193125-26-387986)SEC Form 8-K · 09-10-2026
Public Storage (NYSE: PSA) agreed to a C$400 million Canadian-dollar senior notes offering at 4.540%, issued at par and due September 16, 2033, to replenish cash used for its Public Storage Canada acquisition and for general corporate purposes. PS Canada Finance ULC will issue the notes, with guarantees from Public Storage and Public Storage Operating Company. The offering is expected to close September 16, 2026, subject to customary closing conditions.
Terms agreed September 9
Public Storage, Public Storage Operating Company and PS Canada Finance ULC entered into the underwriting agreement on September 9 with Scotia Capital Inc. and TD Securities Inc., acting as representatives of the several underwriters. Public Storage disclosed the agreement in a Form 8-K filed September 10. The filing describes an expected closing, rather than a completed issuance.
Interest payments begin in March 2027
The notes carry an annual interest rate of 4.540% and will be issued at par. PS Canada will pay interest semi-annually on March 16 and September 16, beginning March 16, 2027. The C$400 million principal matures September 16, 2033.
Proceeds replenish acquisition cash
Public Storage expects to use the net proceeds to replenish cash used to fund the Public Storage Canada acquisition and for other general corporate purposes. Those purposes include investments in self-storage facilities through acquisitions of facilities or interests in their owners, development and mortgage loans secured by facilities, as well as repayment of debt and redemption of outstanding securities.
Closing remains subject to conditions
The expected September 16, 2026 closing remains subject to customary closing conditions. The offering was made under the Form S-3 shelf registration statement, File Nos. 333-283556, 333-283556-01 and 333-283556-02, amended by a post-effective amendment filed September 8, 2026. A preliminary prospectus supplement dated September 9 was filed under Rule 424(b)(5).
Completed settlement, USD equivalent, and acquisition purchase price remain outside this disclosure
The 8-K establishes an agreed C$400 million Canadian-dollar senior notes offering at 4.540% due 2033 with an expected September 16, 2026 close subject to customary conditions; it does not confirm completed settlement, state a USD equivalent or FX rate, disclose the Public Storage Canada acquisition purchase price, or report share-price reaction.
Document trail
Sources & evidence
Primary documents used for this piece.
Public Storage via SEC EDGAR
Public Storage Form 8-K — Items 1.01 and 9.01 (AccNo 0001193125-26-387986)
SEC Form 8-K · 2026-09-10
U.S. Securities and Exchange Commission (EDGAR)
Public Storage Form 8-K filing index — AccNo 0001193125-26-387986
SEC Form 8-K index · 2026-09-10
Public Storage via SEC EDGAR
SEC Exhibit 1.1 underwriting agreement · 2026-09-09
Corrections
We do not silently rewrite a published line. Material corrections receive a visible correction note, and we preserve the article’s update history.
Discuss this story. Join the TickerGrove community to talk companies, earnings, and markets, or request future coverage.