---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-137199"
form_type: "8-K"
ticker: "PECO"
cik: "0001476204"
company_name: "Phillips Edison & Company, Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:11:51.944657+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Phillips Edison & Co subsidiary issues $350M of 5.75% Senior Notes due 2034

## Summary
- $350M aggregate principal of 5.750% Senior Notes due 2034 issued by OP subsidiary; fully guaranteed by PECO.
- Net proceeds of ~$341.5M after underwriting discount and fees; purchase price 97.926% of principal.
- Interest payable Jan 15 and Jul 15; maturity July 15, 2034; make-whole redemption prior to Apr 15, 2034, then par.
- Proceeds intended for general corporate purposes, including repaying revolver borrowings and funding property acquisitions.

## SEC filing metadata
- accession: 0001193125-24-137199
- form_type: 8-K
- ticker: PECO
- cik: 0001476204
- company_name: Phillips Edison & Company, Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476204/000119312524137199/0001193125-24-137199-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476204/000119312524137199/d807068d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-137199
- JSON: https://secwatch.observer/filing/0001193125-24-137199.json
- Plain text: https://secwatch.observer/filing/0001193125-24-137199.txt

## Key facts
- Debt Financings
  Phillips Edison & Company, Inc. incurred senior notes of $350,000,000 aggregate principal amount at 5.750% per annum maturing July 15, 2034.
  - Instrument: senior notes
  - Principal: $350,000,000 aggregate principal amount
  - Rate: 5.750% per annum
  - Maturity: July 15, 2034
  - Event: incurrence
  source text: On May 13, 2024, Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Issuer”), a Delaware limited partnership and subsidiary of Phillips Edison & Company, Inc. (the “Guarantor”), completed an underwritten public offering of $350,000,000 aggregate principal amount of its 5.750% Senior Notes due 2034 (the “Notes”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476204/000119312524137199/0001193125-24-137199-index.htm

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