{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-050838","form_type":"8-K","ticker":"PSX","cik":"0001534701","company_name":"Phillips 66","filed_at":"2024-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.535424+00:00","generated_at":"2026-06-05T08:44:49.643128+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Phillips 66 subsidiary enters $5B revolver and issues $1.5B in senior notes","bullets":["New $5B revolving credit facility matures February 2029; replaces prior $5B facility.","Issued $600M (5.250% due 2031), $400M (5.300% due 2033), $500M (5.650% due 2054) senior notes.","Proceeds to redeem $300M of DCP Midstream 5.375% notes due 2025 and repay $700M of term loan.","Credit agreement contains customary covenants including max 65% net debt-to-capitalization ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-050838","json":"https://secwatch.observer/filing/0001193125-24-050838.json","markdown":"https://secwatch.observer/filing/0001193125-24-050838.md","text":"https://secwatch.observer/filing/0001193125-24-050838.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1534701/000119312524050838/0001193125-24-050838-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1534701/000119312524050838/d720476d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T08:44:49.643128+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":"21c32298c6438111fa486885d3d85ccab340c976","claim":"Phillips 66 entered into Credit Agreement with a syndicate of banks and other financial institutions party thereto and Mizuho Bank, Ltd. valued at $5 billion (effective 2024-02-28).","evidence_excerpt":"On February 28, 2024, Phillips 66 Company (the “Company”), a wholly-owned subsidiary of Phillips 66, entered into a $5 billion revolving credit 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/1534701/000119312524050838/0001193125-24-050838-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."},{"label":"Value","value":"$5 billion"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"},{"claim_id":"2bd55eb48b1f859a64c7b65209d4f84549e2f8cc","claim":"Phillips 66 terminated Existing Credit Agreement (effective 2024-02-28).","evidence_excerpt":"The Credit Agreement is guaranteed by Phillips 66 and replaces the $5 billion Credit Agreement dated as of June 23, 2022 (the “Existing Credit Agreement”) with the Company as the borrower and Phillips 66 as guarantor.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1534701/000119312524050838/0001193125-24-050838-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"termination"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2024-02-28"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}