Category: Markets
Published: 2026-06-28T20:17:51.000Z
Public Storage recently secured a new US$3.00 billion unsecured revolving credit facility, a US$500.00 million delayed draw term loan, and launched a US$1.00 billion unsecured commercial paper program. This expanded, more flexible funding platform aims to support the company's growth ambitions, including acquisitions, development, and technology investments in its self-storage business. While this improves financial flexibility, investors are still advised to weigh it against current headwinds like negative same-store revenue growth and pricing pressures in oversupplied markets.
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