{"filing":{"accession_number":"0001193125-26-282750","cik":"0001393311","ticker":"PSA-PS","company_name":"Public Storage","form":"8-K","filing_date":"2026-06-25","report_date":null,"primary_document":"d157069d8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1393311/000119312526282750/d157069d8k.htm"},"events":[{"id":13869,"run_id":12322,"accession_number":"0001193125-26-282750","anchor_item_number":"1.01","event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"summary":"Public Storage closed a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and established a $1.0 billion commercial paper program on June 25, 2026, replacing the prior $1.5 billion facility and materially enhancing the company's liquidity and financial flexibility. The new facilities total $4.5 billion in committed credit capacity and are governed by a Fourth Amended and Restated Credit Agreement with specified interest rates, maturity dates (2030-2031), and financial covenants.","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-06-25","form":"8-K","submitted_at":null,"items":[{"id":11136,"accession_number":"0001193125-26-282750","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Public Storage entered into a Fourth Amended and Restated Credit Agreement on June 25, 2026, establishing a $3.0 billion senior unsecured revolving credit facility and a $500 million delayed draw term loan facility. This represents the creation of new direct financial obligations totaling $3.5 billion in committed credit capacity, replacing the prior $1.5 billion facility. The disclosure explicitly describes the terms, interest rates, maturity dates, and financial covenants governing these debt facilities, which is characteristic of debt_issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11137,"accession_number":"0001193125-26-282750","item_number":"1.02","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Public Storage closed a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and established a $1.0 billion commercial paper program. The Revolver replaces the prior $1.5 billion facility and represents a material increase in available liquidity and credit capacity. This constitutes creation of new direct financial obligations and credit facilities, which is the core definition of debt_issuance. Item 1.02 references Item 1.01 (Material Agreements), and the news release emphasizes the strategic importance of these facilities to the company's capital structure and financial flexibility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11138,"accession_number":"0001193125-26-282750","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Public Storage announced the closing of a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and establishment of a $1.0 billion commercial paper program. These represent the creation of new direct financial obligations and credit arrangements, with the Revolver replacing the prior $1.5 billion facility and maturing in 2030-2031. The announcement emphasizes enhanced liquidity and financial flexibility, which are material to investors assessing the company's capital structure and access to funding.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"","ticker":null,"filing_date":""},{"id":11139,"accession_number":"0001193125-26-282750","item_number":"7.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Public Storage announced the closing of a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and establishment of a $1.0 billion commercial paper program. These represent the creation of new direct financial obligations and credit arrangements totaling $4.5 billion in committed capacity, which is material to the company's capital structure and liquidity position. The press release emphasizes that these actions \"strengthen Public Storage's fortress balance sheet\" and \"enhance liquidity,\" indicating material significance to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":11136,"accession_number":"0001193125-26-282750","item_number":"1.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Public Storage entered into a Fourth Amended and Restated Credit Agreement on June 25, 2026, establishing a $3.0 billion senior unsecured revolving credit facility and a $500 million delayed draw term loan facility. This represents the creation of new direct financial obligations totaling $3.5 billion in committed credit capacity, replacing the prior $1.5 billion facility. The disclosure explicitly describes the terms, interest rates, maturity dates, and financial covenants governing these debt facilities, which is characteristic of debt_issuance under Item 1.01.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-06-25"},{"id":11137,"accession_number":"0001193125-26-282750","item_number":"1.02","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Public Storage closed a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and established a $1.0 billion commercial paper program. The Revolver replaces the prior $1.5 billion facility and represents a material increase in available liquidity and credit capacity. This constitutes creation of new direct financial obligations and credit facilities, which is the core definition of debt_issuance. Item 1.02 references Item 1.01 (Material Agreements), and the news release emphasizes the strategic importance of these facilities to the company's capital structure and financial flexibility.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-06-25"},{"id":11138,"accession_number":"0001193125-26-282750","item_number":"2.03","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"Public Storage announced the closing of a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and establishment of a $1.0 billion commercial paper program. These represent the creation of new direct financial obligations and credit arrangements, with the Revolver replacing the prior $1.5 billion facility and maturing in 2030-2031. The announcement emphasizes enhanced liquidity and financial flexibility, which are material to investors assessing the company's capital structure and access to funding.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-06-25"},{"id":11139,"accession_number":"0001193125-26-282750","item_number":"7.01","item_title":null,"event_type":"debt_issuance","event_domain":"financial","is_material":true,"confidence":0.92,"reasoning":"Public Storage announced the closing of a new $3.0 billion unsecured revolving credit facility, a $500 million delayed draw term loan facility, and establishment of a $1.0 billion commercial paper program. These represent the creation of new direct financial obligations and credit arrangements totaling $4.5 billion in committed capacity, which is material to the company's capital structure and liquidity position. The press release emphasizes that these actions \"strengthen Public Storage's fortress balance sheet\" and \"enhance liquidity,\" indicating material significance to investors.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-06-25T20:08:53.540112+00:00","company_name":"Public Storage","ticker":"PSA-PS","filing_date":"2026-06-25"}]}