Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Public Storage > News item |
Public Storage tees up three-part offer of fixed-rate senior notes
Chicago, Nov. 4 – Public Storage is readying a three-part sale of fixed-rate senior notes, according to a 424B5 filing with the Securities and Exchange Commission on Thursday.
All three series will have optional make-whole calls that convert to par calls a number of months before their respective maturity dates.
Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are the bookrunners.
Computershare Trust Co., NA is the trustee.
Hogan Lovells US LLP is counsel for the issuer. Skadden, Arps, Slate, Meagher & Flom LLP is advising the underwriters.
Proceeds will be used to the fund the $1.5 billion purchase price for the pending All Storage acquisition.
Public Storage is a Glendale, Calif., real estate investment trust that acquires, develops, owns and operates self-storage facilities.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.