PSA Subsidiary PS Canada Issued C$400M Senior Notes Due 2033 at 4.540% Rate
· The NYC Memo
On September 9, 2026, Public Storage, Public Storage Operating Company (PSOC), and PS Canada Finance ULC (PS Canada) entered an agreement for PS Canada to sell C$400 million aggregate principal amount of senior notes due September 16, 2033. The notes, guaranteed by PSA and PSOC, will bear interest at an annual rate of 4.540%.
Public Storage expects to use the net proceeds to replenish cash for the Public Storage Canada acquisition and for general corporate purposes.