{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-083818","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2023-03-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.479109+00:00","generated_at":"2026-06-17T10:23:32.060896+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Phillips 66 enters $1.5B delayed draw term loan and issues $1.25B in senior notes","bullets":["Phillips 66 subsidiary entered $1.5B delayed draw term loan; matures 3 years from funding date.","Issued $750M 4.950% Senior Notes due 2027 and $500M 5.300% Senior Notes due 2033, guaranteed by Phillips 66.","Term loan includes max consolidated net debt-to-capitalization ratio of 65%.","Note offering underwritten by several banks; proceeds for general corporate purposes.","Interest rate margins on term loan based on credit ratings; increase after second anniversary."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-083818","json":"https://secwatch.observer/filing/0001193125-23-083818.json","markdown":"https://secwatch.observer/filing/0001193125-23-083818.md","text":"https://secwatch.observer/filing/0001193125-23-083818.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312523083818/0001193125-23-083818-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312523083818/d488933d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T10:23:32.060896+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f4ea6324b5ce8e01aff08de24ea1cb0db2804eea","claim":"Phillips 66 entered into Credit Agreement with a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd., as administrative agent valued at $1.5 billion (effective 2023-03-27).","evidence_excerpt":"On March 27, 2023 (the “Closing Date”), Phillips 66 Company (the “Company”), a wholly-owned subsidiary of Phillips 66, a Delaware corporation (“Phillips 66”), entered into a $1.5 billion delayed draw term loan agreement with a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd., as administrative agent (the “Credit Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000119312523083818/0001193125-23-083818-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd., as administrative agent"},{"label":"Value","value":"$1.5 billion"},{"label":"Effective","value":"2023-03-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}