---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-282750"
form_type: "8-K"
ticker: "PSA"
cik: "0001393311"
company_name: "Public Storage"
filed_at: "2026-06-25T20:06:00+00:00"
generated_at: "2026-06-25T20:07:25.941632+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Public Storage closes $3.0B revolver, $500M term loan, establishes $1.0B commercial paper program

## Summary
- Revolver upsized from $1.5B to $3.0B; matures June 25, 2030 with extension options.
- New $500M delayed draw term loan facility available through Dec 22, 2026; matures June 25, 2031.
- New $1.0B unsecured commercial paper program, fully backstopped by revolver capacity.
- Interest rate on revolver reduced 15 bps to SOFR + 0.650% based on current credit ratings.
- Accordion feature allows up to $2B additional commitments subject to lender approval.

## SEC filing metadata
- accession: 0001193125-26-282750
- form_type: 8-K
- ticker: PSA
- cik: 0001393311
- company_name: Public Storage
- filed_at: 2026-06-25T20:06:00+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1393311/000119312526282750/0001193125-26-282750-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1393311/000119312526282750/d157069d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-282750
- JSON: https://secwatch.observer/filing/0001193125-26-282750.json
- Plain text: https://secwatch.observer/filing/0001193125-26-282750.txt

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