Phillips Edison subsidiary issues $350M 5.250% Senior Notes due 2032

Phillips Edison & Company, Inc.

$350M principal of 5.250% Senior Notes due 2032 issued by PECO subsidiary, fully guaranteed by PECO.
Net proceeds ~$346.2M; to repay revolving credit facility, term loans, and for acquisitions, capex, working capital.
Interest at 5.250% payable Feb 15 and Aug 15 starting Feb 2026; callable at make-whole before June 15, 2032.
Underwriters include J.P. Morgan, Fifth Third, Mizuho, Morgan Stanley, U.S. Bancorp.
Notes are senior unsecured, rank equally with other unsecured debt; effectively subordinated to secured debt.

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