Form 8-K · Current report
Public Storage 8-K, filed Nov 6, 2026
- Filed
- CIK
- 0001393311
- Accession no.
- 0001193125-26-451826
Summary
Public Storage Operating Company, a subsidiary of Public Storage, completed a $500 million offering of 5.600% senior notes due 2036, guaranteed by Public Storage, with interest payable semi-annually beginning May 15, 2027. The notes are unsecured and unsubordinated obligations of the subsidiary and are subject to an indenture requiring it to maintain total unencumbered assets of at least 125% of total unsecured indebtedness.
Key points
- The notes mature on November 15, 2036 and accrue interest at 5.600% per annum from November 6, 2026.
- The notes may be redeemed at any time at a make-whole price, or at 100% of principal plus accrued interest on or after August 15, 2036.
- The indenture limits the issuer's ability to incur secured and unsecured debt and to complete a merger, consolidation or sale of substantially all assets, subject to exceptions.
- Computershare Trust Company, N.A. serves as trustee under the indenture.
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 November 6, 2026, Public Storage Operating Company (“PSOC”), a subsidiary of Public Storage (the “Company”), completed the previously announced offering of $500 million 5.600% Senior Notes due 2036 (the “Notes”). The Notes are issued by PSOC and guaranteed by the Company. The Notes have been issued pursuant to an Indenture, dated as of September 18, 2017, as supplemented by the Sixteenth Supplemental Indenture, dated as of August 14, 2023 (the “Base Indenture”), among PSOC, as issuer, the Company, as guarantor, and Computershare Trust Company, N.A. …
An excerpt of the text as filed with the SEC, cut for length.
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