---
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"
generated_at: "2026-05-18T12:28:12.442493+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Public Storage subsidiary issues $875M in senior notes: $475M at 4.375% due 2030 and $400M at 5.000% due 2035

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-152693
- JSON: https://secwatch.observer/filing/0001193125-25-152693.json
- Plain text: https://secwatch.observer/filing/0001193125-25-152693.txt

## Key facts
- Debt Financings
  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.
  - Instrument: senior notes
  - Principal: $475 million 4.375% Senior Notes due 2030 and $400 million 5.000% Senior Notes due 2035
  - Counterparty: Computershare Trust Company, N.A. (as successor to Wells Fargo Bank, National Association), as trustee
  - Rate: 4.375% per annum and ... 5.000% per annum
  - Maturity: July 1, 2030 and the 2035 Notes will mature on July 1, 2035
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1393311/000119312525152693/0001193125-25-152693-index.htm

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