Phillips Edison & Company, Inc. (PECO): debt financing — 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.

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 Edison & Company, Inc. incurred senior notes of $350,000,000 aggregate principal amount with U.S. Bank Trust Company, National Association (as trustee) at 5.250% per annum maturing August 15, 2032.

Instrument: senior notes
Principal: $350,000,000 aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association (as trustee)
Rate: 5.250% per annum
Maturity: August 15, 2032
Event: incurrence

Exact text from the filing

On June 17, 2025, Phillips Edison Grocery Center Operating Partnership I, L.P. (the “Issuer”), a Delaware limited partnership and subsidiary of Phillips Edison & Company, Inc. (the “Guarantor”), completed an underwritten public offering of $350,000,000 aggregate principal amount of its 5.250% Senior Notes due 2032 (the “Notes”).

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Phillips Edison & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-142047

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