Form 8-K · Current report
Public Storage 8-K, filed Sep 16, 2026
- Filed
- CIK
- 0001393311
- Accession no.
- 0001193125-26-393149
Summary
PS Canada Finance ULC, a subsidiary of Public Storage, completed a C$400 million offering of 4.540% senior notes due September 16, 2033, guaranteed by Public Storage and Public Storage Operating Company, under an indenture with Computershare Trust Company, N.A. as trustee. The indenture limits mergers and asset sales by the issuer and requires Public Storage Operating Company to maintain unencumbered assets of at least 125% of unsecured indebtedness.
Key points
- PS Canada Finance ULC completed a C$400 million offering of 4.540% senior notes due 2033, guaranteed by Public Storage and Public Storage Operating Company.
- Interest accrues from September 16, 2026 and is payable semi-annually on March 16 and September 16, beginning March 16, 2027.
- Public Storage may redeem the notes at any time at a make-whole price, or at 100% of principal plus accrued interest on or after July 16, 2033.
- The indenture requires Public Storage Operating Company to maintain total unencumbered assets of at least 125% of total unsecured indebtedness and limits its ability to incur debt or sell substantially all assets.
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
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement On September 16, 2026, PS Canada Finance ULC (“PS Canada”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of C$400 million 4.540% Senior Notes due 2033 (the “Notes”). The Notes are issued by PS Canada and guaranteed by the Company and Public Storage Operating Company, a subsidiary of the Company (“PSOC”). The Notes have been issued pursuant to an Indenture, dated as of September 16, 2026 (the “Base Indenture”), among PS Canada, as issuer, the Company and PSOC, as guarantors, and Computershare Trust Company, N.A., as trustee (the “Trustee”), as supplemented by the First Supplemental Indenture…
An excerpt of the text as filed with the SEC, cut for length.
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