---
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"
generated_at: "2026-05-19T04:32:29.756020+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-142047
- JSON: https://secwatch.observer/filing/0001193125-25-142047.json
- Plain text: https://secwatch.observer/filing/0001193125-25-142047.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/0001193125-25-142047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.