{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-165399","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2023-06-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.680189+00:00","generated_at":"2026-06-14T02:48:58.342687+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Public Storage enters $1.5B unsecured revolver, replacing $500M facility","bullets":["New $1.5B unsecured revolving credit facility matures June 12, 2027; can be extended up to one year.","Borrowing capacity can be increased by up to $1.0B additional commitments or term loans.","Interest based on SOFR plus margin of 0.65%-1.40% or base rate plus 0%-0.40% depending on credit rating.","Replaces prior $500M facility from April 2019; no outstanding borrowings at closing.","Financial covenants include max leverage, secured leverage, unsecured asset coverage, and debt service coverage."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-165399","json":"https://secwatch.observer/filing/0001193125-23-165399.json","markdown":"https://secwatch.observer/filing/0001193125-23-165399.md","text":"https://secwatch.observer/filing/0001193125-23-165399.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523165399/0001193125-23-165399-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523165399/d518836d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:48:58.342687+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2cc18325ace224b140e1dff752ee23ec218b6e12","claim":"Public Storage entered into Third Amended and Restated Credit Agreement with Wells Fargo Bank, National Association, as Agent, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Co-Syndication Agents and the other lenders and agents, arrangers and bookrunners party thereto valued at $1.5 billion (effective 2023-06-12).","evidence_excerpt":"On June 12, 2023, Public Storage (the “Company”) entered into a Third Amended and Restated Credit Agreement (the “Credit Agreement”) with Wells Fargo Bank, National Association, as Agent, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Co-Syndication Agents and the other lenders and agents, arrangers and bookrunners party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523165399/0001193125-23-165399-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association, as Agent, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as Co-Syndication Agents and the other lenders and agents, arrangers and bookrunners party thereto"},{"label":"Value","value":"$1.5 billion"},{"label":"Effective","value":"2023-06-12"}],"fact_type":"material_agreement"},{"claim_id":"6a9bf63b555dd7e8e1f073093682f0d7bfe7e108","claim":"Public Storage terminated Second Amended and Restated Credit Agreement (effective 2023-06-12).","evidence_excerpt":"Item 1.02 Termination of a Material Definitive Agreement The information set forth under Item 1.01 is incorporated by reference into this Item 1.02.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523165399/0001193125-23-165399-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2023-06-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}