---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-289946"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2022-11-21T23:59:59+00:00"
generated_at: "2026-06-21T14:56:54.127517+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.1
calibrated_materiality_score: 0.1
confidence: "high"
source: SEC EDGAR
---

# Phillips Edison amends credit agreements to transition from LIBOR to SOFR benchmark rates

## Summary
- Amended credit agreements with Bank of America, KeyBank, and Capital One to replace LIBOR with SOFR-based rates.
- No changes to total commitments or other key terms; transition aligns with market phase-out of LIBOR.
- Amendments executed on November 17, 2022, and effective the same date.

## SEC filing metadata
- accession: 0001193125-22-289946
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2022-11-21T23:59:59+00:00
- event_type: other
- sentiment: neutral
- materiality_score: 0.1
- calibrated_materiality_score: 0.1
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000119312522289946/0001193125-22-289946-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000119312522289946/d330262d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-289946
- JSON: https://secwatch.observer/filing/0001193125-22-289946.json
- Plain text: https://secwatch.observer/filing/0001193125-22-289946.txt

## Key facts
- Material Agreements
  Phillips Edison & Company, Inc. amended KeyBank Amendment with KeyBank National Association, as administrative agent (effective 2022-11-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: KeyBank National Association, as administrative agent
  - Effective: 2022-11-17
  source text: On November 17, 2022, the Company and the Partnership entered into a fourth amendment (the “KeyBank Amendment”) to the existing Credit Agreement, dated as of October 4, 2017, among the Partnership, as borrower, the Company, as a guarantor, the lenders party thereto, and KeyBank National Association, as administrative agent, as amended by the first amendment, dated as of November 16, 2018, the second amendment dated as of October 4, 2019, and the third amendment, dated as of September 24, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000119312522289946/0001193125-22-289946-index.htm
- Material Agreements
  Phillips Edison & Company, Inc. amended Bank of America Amendment with Bank of America, N.A., as administrative agent (effective 2022-11-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent
  - Effective: 2022-11-17
  source text: On November 17, 2022, Phillips Edison & Company, Inc. (the “Company”) and Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Partnership”) entered into a second amendment (the “Bank of America Amendment”) to the Amended and Restated Credit Agreement, dated as of November 16, 2018, among the Partnership, as borrower, the Company, as a guarantor, the lenders party thereto, and Bank of America, N.A., as administrative agent, as amended by the first amendment, dated as of September 24, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000119312522289946/0001193125-22-289946-index.htm
- Material Agreements
  Phillips Edison & Company, Inc. amended CapOne Amendment with Capital One, National Association, as administrative agent (effective 2022-11-17).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Capital One, National Association, as administrative agent
  - Effective: 2022-11-17
  source text: On November 17, 2022, the Company and the Partnership entered into a fourth amendment (the “CapOne Amendment”) to the existing Credit Agreement, dated as of September 25, 2017, among the Partnership, as borrower, the Company, as a guarantor, the lenders party thereto, and Capital One, National Association, as administrative agent, as amended by the first amendment, dated as of November 16, 2018, the second amendment dated as of September 25, 2019, and the third amendment, dated as of September 24, 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000119312522289946/0001193125-22-289946-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.