---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-193627"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:16:08.094516+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Public Storage issues $2.2B in senior notes across four tranches

## Summary
- $400M floating-rate notes at SOFR+60 bps, due July 2025 (100% par).
- $500M 5.125% notes due Jan 2029 at 99.917% of par.
- $700M 5.100% notes due Aug 2033 at 99.828% of par.
- $600M 5.350% notes due Aug 2053 at 99.732% of par.
- Underwriting managed by BofA Securities and J.P. Morgan; proceeds for general corporate purposes.

## SEC filing metadata
- accession: 0001193125-23-193627
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312523193627/0001193125-23-193627-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312523193627/d492905d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-193627
- JSON: https://secwatch.observer/filing/0001193125-23-193627.json
- Plain text: https://secwatch.observer/filing/0001193125-23-193627.txt

## Key facts
- Material Agreements
  Public Storage entered into Underwriting Agreement with BofA Securities, Inc. and J.P. Morgan Securities LLC, as managers of the several underwriters named therein valued at $2.2 billion aggregate principal amount (effective 2023-07-24).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: BofA Securities, Inc. and J.P. Morgan Securities LLC, as managers of the several underwriters named therein
  - Value: $2.2 billion aggregate principal amount
  - Effective: 2023-07-24
  source text: On July 24, 2023, Public Storage (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”), between the Company and BofA Securities, Inc. and J.P. Morgan Securities LLC, as managers of the several underwriters named therein (the “Underwriters”), for the sale of $2.2 billion aggregate principal amount of senior notes in four tranches (collectively, the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1393311/000119312523193627/0001193125-23-193627-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.