secwatch.observer — SEC 8-K summary
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Issuer:     Public Storage (PSA)
CIK:        0001393311
Form:       8-K
Filed at:   2026-04-06T23:59:59+00:00
Accession:  0001193125-26-143776
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Public Storage closes $500M offering of 5.000% senior notes due 2035
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- PSOC issued $500M 5.000% senior notes maturing Dec 15, 2035; guaranteed by Public Storage.
- Interest payable semi-annually starting June 15, 2026; notes are unsecured and unsubordinated.
- Covenants limit secured/unsecured debt and require unencumbered assets ≥125% of unsecured debt.
- Notes redeemable at make-whole price, or at par after Sep 15, 2035.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/0001193125-26-143776-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1393311/000119312526143776/d120881d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-143776

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