Form 8-K · Current report
Public Storage 8-K, filed Sep 10, 2026
- Filed
- CIK
- 0001393311
- Accession no.
- 0001193125-26-387986
Summary
Public Storage, its subsidiary Public Storage Operating Company, and PS Canada Finance ULC entered an underwriting agreement with Scotia Capital Inc. and TD Securities Inc. as representatives of the underwriters for the sale of C$400 million of senior notes due 2033, issued by PS Canada and guaranteed by the company and PSOC. The notes carry a 4.540% annual rate, are issued at par, mature September 16, 2033, and the offering is expected to close September 16, 2026, with net proceeds used to replenish cash spent on the Public Storage Canada acquisition and for general corporate purposes.
Key points
- The notes bear interest at 4.540% annually, payable semi-annually on March 16 and September 16 starting March 16, 2027.
- The offering was made under a shelf registration statement on Form S-3 amended by a post-effective amendment filed with the SEC on September 8, 2026.
- Proceeds are also intended for investments in self-storage facilities, debt repayment, and redemption of outstanding securities.
- Closing is subject to customary closing conditions.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01. Entry Into a Material Definitive Agreement On September 9, 2026, Public Storage (the “Company”), Public Storage Operating Company, a subsidiary of the Company (“PSOC”), and PS Canada Finance ULC, a subsidiary of the Company (“PS Canada”), entered into an underwriting agreement (the “Underwriting Agreement”) with Scotia Capital Inc. and TD Securities Inc., as representatives of the several underwriters named therein (the “Underwriters”), for the sale of C$400 million aggregate principal amount of senior notes due 2033 (the “Notes”). The Notes will be issued by PS Canada and guaranteed by the Company and PSOC. …
An excerpt of the text as filed with the SEC, cut for length.
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