Form 8-K · Current Report · Filed 2026-04-02
Public Storage Announces Issuance of $500 Million Senior Notes
On April 1, 2026, Public Storage and its subsidiary, Public Storage Operating Company (PSOC), entered into an underwriting agreement for the sale of $500 million aggregate principal amount of senior notes due 2035.
- Filer
- PSA PSA
- Filed
- Accession
- 0001193125-26-140334
- CIK
- 0001393311
- Signal
- Medium impact
- Source
- Official filing on sec.gov ↗
Details
The notes, issued by PSOC and guaranteed by Public Storage, will bear interest at an annual rate of 5.000% and mature on December 15, 2035. PSOC intends to use the net proceeds to repay amounts under its revolving credit facility and for general corporate purposes, including investments in self-storage facilities, repayment of debt, and redemption of outstanding securities. The offering is expected to close on April 6, 2026, subject to customary closing conditions.
Items reported
Reported Item
Market reaction
Close before filing
$276.24
Next session
+1.7%
Since filing
+17.4%
Latest close
$324.17
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from PSA reporting the same item, with the next session's move:
Insider tape
Within 45 days of this filing, PSA insiders reported 11 Form 4 transactions — flat net activity.
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