{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-142047","form_type":"8-K","ticker":"PECO","cik":"0001476204","company_name":"Phillips Edison & Company, Inc.","filed_at":"2025-06-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:48.410820+00:00","generated_at":"2026-05-19T04:32:29.756020+00:00","sec_items":["1.01","2.03","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Phillips Edison subsidiary issues $350M 5.250% Senior Notes due 2032","bullets":["$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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-142047","json":"https://secwatch.observer/filing/0001193125-25-142047.json","markdown":"https://secwatch.observer/filing/0001193125-25-142047.md","text":"https://secwatch.observer/filing/0001193125-25-142047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/0001193125-25-142047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/d94613d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-19T04:32:29.756020+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3283d775e17b1818e00df874cd8c002809fc1781","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/0001193125-25-142047-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$350,000,000 aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association (as trustee)"},{"label":"Rate","value":"5.250% per annum"},{"label":"Maturity","value":"August 15, 2032"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}