trending Market Intelligence /marketintelligence/en/news-insights/trending/kgb04rVnk0i85pBPmbkiLg2 content esgSubNav
In This List

Public Storage prices $300M series G preferred share offering

Blog

Japan M&A By the Numbers: Q1 2022

Blog

Global M&A by the Numbers: Q2 2022

Blog

SEC Climate Disclosure Requirements Heating Up: How to Take Action

Blog

Infographic 2022 Top Tech Trends Shaping Corporations


Public Storage prices $300M series G preferred share offering

Public Storage priced an offering of 12.0 million depositary shares at $25.00 apiece for $300 million in gross proceeds.

Each depositary share represents 0.001 of a 5.05% series G cumulative preferred share of beneficial interest.

Public Storage aims to use the net proceeds to invest in self-storage facilities and in entities that own self-storage facilities, to develop such facilities, and for general corporate purposes.

Merrill Lynch Pierce Fenner & Smith Inc., Morgan Stanley & Co. LLC, UBS Securities LLC and Wells Fargo Securities LLC were the joint book-running managers of the offering, which should close on or about Aug. 9.