Form 8-K · Current report
Public Storage 8-K, filed Oct 30, 2026
- Filed
- CIK
- 0001393311
- Accession no.
- 0001193125-26-441763
Summary
Public Storage and its subsidiary Public Storage Operating Company entered into an underwriting agreement for the sale of $500 million aggregate principal amount of senior notes due 2036, to be issued by PSOC and guaranteed by Public Storage. The notes carry a 5.600% annual interest rate, were priced at 98.293% of par, mature November 15, 2036, and the offering is expected to close November 6, 2026, with net proceeds intended to repay commercial paper and partially repay PSOC's 1.500% senior notes due 2026.
Key points
- Public Storage and Public Storage Operating Company entered into an underwriting agreement on October 29, 2026 for the sale of $500 million aggregate principal amount of senior notes due 2036.
- The notes will bear interest at 5.600% per year, be issued at 98.293% of par, and mature on November 15, 2036, with interest payable semi-annually beginning May 15, 2027.
- The offering is expected to close on November 6, 2026, subject to customary closing conditions.
- Net proceeds are expected to repay amounts under PSOC's $1.0 billion commercial paper program and to partially repay at maturity PSOC's $650 million of 1.500% senior notes due 2026.
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 October 29, 2026, Public Storage (the “Company”) and Public Storage Operating Company, a subsidiary of the Company (“PSOC”), entered into an underwriting agreement (the “Underwriting Agreement”) with BofA Securities, Inc., BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC, as representatives of the several underwriters named therein (the “Underwriters”), for the sale of $500 million aggregate principal amount of senior notes due 2036 (the “Notes”). The Notes will be issued by PSOC and guaranteed by the Company. …
An excerpt of the text as filed with the SEC, cut for length.
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