secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-193627
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000119312523193627/0001193125-23-193627-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000119312523193627/d492905d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-193627

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer