PSA - Public Storage upsizes revolving credit facility to $1.5B
2023-06-12 17:44:56 ET
- Public Storage ( NYSE: PSA ) has secured a $1.5B unsecured revolving credit facility that will replace in its entirety the previous $500M facility, the self-storage REIT said Monday in an SEC filing.
- The new facility has an initial maturity date of June 12, 2027, and may be extended by up to one more year.
- Under the terms of its third amended and restated credit agreement, Public Storage ( PSA ) can borrow up to $1.5B, with an option to boost its borrowing capacity to $2.5B.
- Earlier, Public Storage goes ex dividend tomorrow .
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Public Storage upsizes revolving credit facility to $1.5B