Phillips 66 (PSX): debt financing — Phillips 66 completes $2.2B EPIC NGL acquisition; expands pipeline capacity

Phillips 66

Completed $2.2B cash acquisition of EPIC NGL, including 170 MBD fractionators, 350-mile purity lines, and 885-mile NGL pipeline.
NGL pipeline expansion to 225 MBD expected Q2 2025; further expansion to 350 MBD targeted for Q4 2026.
Assets connect Permian production to Gulf Coast markets and are integrated with Phillips 66's Sweeny Hub.
Also increased accounts receivable securitization facility from $500M to $1B via amendment on same date.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Phillips 66 amended debt of increase the maximum facility size from $500 million to $1 billion with PNC Bank, National Association, as Administrative Agent.

Principal: increase the maximum facility size from $500 million to $1 billion
Counterparty: PNC Bank, National Association, as Administrative Agent
Event: amendment

Exact text from the filing

The Amendment amends the RPFA to, among other things, increase the maximum facility size from $500 million to $1 billion.

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8 debt financings filed in the last 30 days. Browse all debt financings →

Phillips 66 filing history →

Source: SEC EDGAR

accession 0001193125-25-070544

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