Public Storage 8K

Public Storage entered into an upsized $3.0 billion revolving credit facility, a new $500 million term loan, and a $1.0 billion commercial paper program to enhance liquidity and lower its cost of capital.

On June 25, 2026, Public Storage announced that it closed a new $3.0 billion unsecured revolving credit facility to replace its prior $1.5 billion revolver, added a $500 million delayed draw term loan facility, and established a new $1.0 billion unsecured commercial paper program, collectively intended to strengthen its balance sheet, enhance liquidity, reduce its cost of capital, and provide flexible funding for acquisitions, development, redevelopment, lending, and other growth initiatives; the new revolver matures June 25, 2030 with extension options to June 25, 2031, the term loan is drawable in up to four advances through December 22, 2026 and matures June 25, 2031, and both facilities include an accordion feature of up to $2 billion and pricing tied to SOFR plus a margin based on the company’s credit ratings, while commercial paper notes will rank pari passu with other senior unsecured debt and be fully guaranteed by the company.

Filing Facts

CIK

1393311

Ticker

PSA

Form

8K

Source Type

sec

Accession

0001193125-26-282750

Alert Tier

7