secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2025-06-17T23:59:59+00:00
Accession:  0001193125-25-142047
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/0001193125-25-142047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000119312525142047/d94613d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-142047

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