Phillips Edison subsidiary issues $350M 4.950% Senior Notes due 2035, guaranteed by PECO

Phillips Edison & Company, Inc.

Phillips Edison Grocery Center Operating Partnership I issued $350M of 4.950% Senior Notes due January 15, 2035.
Notes sold at 97.808% of par; net proceeds expected to be approximately $341.2M after underwriting discount and expenses.
Proceeds to be used for general corporate purposes, including property acquisitions and debt repayment.
Interest payable semi-annually on January 15 and July 15, beginning January 15, 2025.
Notes redeemable at make-whole premium before October 15, 2034, and at par thereafter.

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