secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001193125-24-137199
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000119312524137199/0001193125-24-137199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000119312524137199/d807068d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-137199

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