{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-194622","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2023-07-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.770913+00:00","generated_at":"2026-06-13T02:16:12.201865+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Public Storage closes $2.2B senior notes offering across four tranches","bullets":["$400M Floating Rate Notes (SOFR+60bps) due July 25, 2025; interest payable quarterly.","$500M 5.125% Senior Notes due January 15, 2029; semi-annual interest starting Jan 2024.","$700M 5.100% Senior Notes due August 1, 2033; semi-annual interest starting Feb 2024.","$600M 5.350% Senior Notes due August 1, 2053; semi-annual interest starting Feb 2024.","Notes are direct unsecured obligations ranking equally with all existing unsecured debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-194622","json":"https://secwatch.observer/filing/0001193125-23-194622.json","markdown":"https://secwatch.observer/filing/0001193125-23-194622.md","text":"https://secwatch.observer/filing/0001193125-23-194622.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/d480799d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T02:16:12.201865+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":"0aa902f9fb920b98784f43d07b5e5371d8197ab2","claim":"Public Storage incurred senior notes of $400 million Floating Rate Senior Notes due 2025 with Computershare Trust Company, N.A. at Compounded SOFR plus 60 basis points maturing July 25, 2025.","evidence_excerpt":"completed the previously announced offering of $400 million Floating Rate Senior Notes due 2025","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$400 million Floating Rate Senior Notes due 2025"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"Compounded SOFR plus 60 basis points"},{"label":"Maturity","value":"July 25, 2025"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"7e6cba2223e1f8ad972359c260b38f66aa36625c","claim":"Public Storage incurred senior notes of $600 million 5.350% Senior Notes due 2053 with Computershare Trust Company, N.A. at 5.350% per annum maturing August 1, 2053.","evidence_excerpt":"Senior Notes due 2025 (the “Floating Rate Notes”), $500 million 5.125% Senior Notes due 2029 (the “2029 Notes”), $700 million 5.100% Senior Notes due 2033 (the “2033 Notes”) and $600 million 5.350% Senior Notes due 2053 (the “2053 Notes” and, together with the Floating Rate Notes, the 2029 Notes and the 2033 Notes, the “Notes”). The Notes have been issued pursuant to","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$600 million 5.350% Senior Notes due 2053"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"5.350% per annum"},{"label":"Maturity","value":"August 1, 2053"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"81cae6f753a0f419433d6cf5f8f26eb120671444","claim":"Public Storage incurred senior notes of $500 million 5.125% Senior Notes due 2029 with Computershare Trust Company, N.A. at 5.125% per annum maturing January 15, 2029.","evidence_excerpt":"The Notes have been issued pursuant to an Indenture, dated as of September 18, 2017 (the “Base Indenture”), between the Company, as issuer, and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee (the “Trustee”), as supplemented by the Twelfth Supplemental Indenture, dated as of July 26, 2023, relating to the Floating Rate Notes (the “Twelfth Supplemental Indenture”), the Thirteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2029 Notes (the “Thirteenth Supplemental Indenture”), the Fourteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2033 Notes (the “Fourteenth Supplemental Indenture”), and the Fifteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2053 Notes (the “Fifteenth Supplemental Indenture” and, collectively with the Twelfth Supplemental Indenture, the Thirtee","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500 million 5.125% Senior Notes due 2029"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"5.125% per annum"},{"label":"Maturity","value":"January 15, 2029"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c9c75c01b643597c7044004cd1cb1af80276a109","claim":"Public Storage incurred senior notes of $700 million 5.100% Senior Notes due 2033 with Computershare Trust Company, N.A. at 5.100% per annum maturing August 1, 2033.","evidence_excerpt":"The Notes have been issued pursuant to an Indenture, dated as of September 18, 2017 (the “Base Indenture”), between the Company, as issuer, and Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee (the “Trustee”), as supplemented by the Twelfth Supplemental Indenture, dated as of July 26, 2023, relating to the Floating Rate Notes (the “Twelfth Supplemental Indenture”), the Thirteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2029 Notes (the “Thirteenth Supplemental Indenture”), the Fourteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2033 Notes (the “Fourteenth Supplemental Indenture”), and the Fifteenth Supplemental Indenture, dated as of July 26, 2023, relating to the 2053 Notes (the “Fifteenth Supplemental Indenture” and, collectively with the Twelfth Supplemental Indenture, the Thirtee","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$700 million 5.100% Senior Notes due 2033"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Rate","value":"5.100% per annum"},{"label":"Maturity","value":"August 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"44366d58b9509180e505dc6af021cee2c90344a4","claim":"Public Storage entered into Twelfth Supplemental Indenture, Thirteenth Supplemental Indenture, Fourteenth Supplemental Indenture, and Fifteenth Supplemental Indenture with Computershare Trust Company, N.A. valued at $2.2 billion aggregate principal of Floating Rate Senior Notes due 2025, 5.125% Senior Notes due 202 (effective 2023-07-26).","evidence_excerpt":"On July 26, 2023, Public Storage (the “Company”) completed the previously announced offering of $400 million Floating Rate Senior Notes due 2025 (the “Floating Rate Notes”), $500 million 5.125% Senior Notes due 2029 (the “2029 Notes”), $700 million 5.100% Senior Notes due 2033 (the “2033 Notes”) and $600 million 5.350% Senior Notes due 2053 (the “2053 Notes” and, together with the Floating Rate Notes, the 2029 Notes and the 2033 Notes, the “Notes”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312523194622/0001193125-23-194622-index.htm","confidence":0.98,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"notes offering"},{"label":"Counterparty","value":"Computershare Trust Company, N.A."},{"label":"Value","value":"$2.2 billion aggregate principal of Floating Rate Senior Notes due 2025, 5.125% Senior Notes due 202"},{"label":"Effective","value":"2023-07-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}