secwatch.observer — SEC 8-K summary
======================================

Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001193125-24-217976
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000119312524217976/0001193125-24-217976-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000119312524217976/d785276d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-217976

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer