<a href="https://laohu8.com/S/PASDL">Public Storage</a> Subsidiary Secures €425 Million in New Senior Notes Offering, Backed by Parent Guarantee
**Public Storage Subsidiary Completes €425 Million Senior Notes Offering** On October 3, 2025, $Public Storage(PSA-N)$ Operating Company (PSOC), a subsidiary of Public Storage, finalized the issuance of €425 million in 3.500% Senior Notes due 2034. The Notes, issued by PSOC and guaranteed by Public Storage, were offered under a shelf registration statement filed with the U.S. Securities and Exchange Commission. The transaction was executed pursuant to existing indenture agreements with Computershare Trust Company, N.A., as trustee. Proceeds from the offering will further strengthen the company's financial position. The Indenture includes covenants restricting PSOC's ability to incur additional debt and requires it to maintain total unencumbered assets of at least 125% of total unsecured indebtedness.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Public Storage published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-230340), on October 03, 2025, and is solely responsible for the information contained therein.
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