secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2024-10-01T23:59:59+00:00
Accession:  0001193125-24-230145
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 enters $500M accounts receivable securitization facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312524230145/0001193125-24-230145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312524230145/d816059d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-230145

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