{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-230340","form_type":"8-K","ticker":"PSA","cik":"0001393311","company_name":"Public Storage","filed_at":"2025-10-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.292591+00:00","generated_at":"2026-05-17T04:43:27.670570+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 Operating Company closes €425M 3.5% senior notes due 2034","bullets":["PSOC issued €425M 3.500% senior notes due Jan 20, 2034; parent Public Storage guarantees.","Interest payable annually from Jan 20, 2026; notes rank equally with existing unsecured debt.","Make-whole redemption before Oct 20, 2033; after that par plus accrued.","Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.","Issued under shelf registration; prospectus supplement filed Sep 26, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-230340","json":"https://secwatch.observer/filing/0001193125-25-230340.json","markdown":"https://secwatch.observer/filing/0001193125-25-230340.md","text":"https://secwatch.observer/filing/0001193125-25-230340.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525230340/0001193125-25-230340-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525230340/d82339d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T04:43:27.670570+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":"bdad14a4f384386b6f3f6fb611f758323d3aeff9","claim":"Public Storage incurred senior notes of €425,000,000 with investors at 3.500% per annum maturing January 20, 2034.","evidence_excerpt":"On October 3, 2025, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of €425,000,000 3.500% Senior Notes due 2034 (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312525230340/0001193125-25-230340-index.htm","confidence":0.98,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"€425,000,000"},{"label":"Counterparty","value":"investors"},{"label":"Rate","value":"3.500% per annum"},{"label":"Maturity","value":"January 20, 2034"},{"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"}