---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-230145"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:20:43.129817+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 enters $500M accounts receivable securitization facility

## Summary
- 364-day $500M facility through SPE Phillips 66 Receivables LLC, guaranteed by Phillips 66.
- Facility secured by trade receivables; interest based on SOFR (Term SOFR or Daily Simple SOFR).
- PNC Bank serves as administrative agent; PNC Capital Markets as structuring agent.
- No amounts outstanding ($0) as of September 30, 2024 closing.
- Replaces or supplements existing liquidity; initial 364-day term extendable.

## SEC filing metadata
- accession: 0001193125-24-230145
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000119312524230145/0001193125-24-230145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000119312524230145/d816059d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-230145
- JSON: https://secwatch.observer/filing/0001193125-24-230145.json
- Plain text: https://secwatch.observer/filing/0001193125-24-230145.txt

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