{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-152693","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2025-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.149146+00:00","generated_at":"2026-05-18T12:28:12.442493+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Public Storage subsidiary issues $875M in senior notes: $475M at 4.375% due 2030 and $400M at 5.000% due 2035","bullets":["PSOC issued $475M 4.375% Senior Notes due July 1, 2030.","PSOC issued $400M 5.000% Senior Notes due July 1, 2035.","Interest payable semi-annually on Jan 1 and Jul 1, starting Jan 1, 2026.","Notes are unsecured, unsubordinated obligations of PSOC, guaranteed by Public Storage.","Proceeds used for general corporate purposes; covenants include unencumbered assets test."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-152693","json":"https://secwatch.observer/filing/0001193125-25-152693.json","markdown":"https://secwatch.observer/filing/0001193125-25-152693.md","text":"https://secwatch.observer/filing/0001193125-25-152693.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525152693/0001193125-25-152693-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525152693/d27411d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T12:28:12.442493+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":"18703c369f2b1e08d025134da1048dc8b0264f0c","claim":"Public Storage incurred senior notes of $475 million 4.375% Senior Notes due 2030 and $400 million 5.000% Senior Notes due 2035 with Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee at 4.375% per annum and ... 5.000% per annum maturing July 1, 2030 and the 2035 Notes will mature on July 1, 2035.","evidence_excerpt":"On June 30, 2025, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $475 million 4.375% Senior Notes due 2030 (the “2030 Notes”) and $400 million 5.000% Senior Notes due 2035 (the “2035 Notes” and, together with the 2030 Notes, the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525152693/0001193125-25-152693-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$475 million 4.375% Senior Notes due 2030 and $400 million 5.000% Senior Notes due 2035"},{"label":"Counterparty","value":"Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee"},{"label":"Rate","value":"4.375% per annum and ... 5.000% per annum"},{"label":"Maturity","value":"July 1, 2030 and the 2035 Notes will mature on July 1, 2035"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}