Public Storage doubles credit facility to $3.5B, cuts borrowing costs 15 basis points

Filed June 25, 2026 · Period ending June 25, 2026 · ~1 min read

Key Changes

• high

  Replaced $1.5B revolving facility (maturing 2027) with new $3.0B revolver maturing 2030, doubling capacity and adding $500M term loan option through Dec 2026

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
• medium

  Reduced revolving facility interest rate to SOFR plus 0.650%, down 15 basis points from prior facility, lowering future borrowing costs

  Exhibit 99.1 verify on EDGAR →
• medium

  Established $1.0B commercial paper program backstopped by revolving facility, providing additional short-term funding flexibility

  Item 7.01 — Regulation FD Disclosure verify on EDGAR →