secwatch.observer — SEC 8-K summary
======================================

Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2025-09-18T23:59:59+00:00
Accession:  0001193125-25-207435
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Phillips 66 subsidiary issues $2B in junior subordinated notes due 2056
-----------------------------------------------------------------------

- $1B of 5.875% Series A and $1B of 6.200% Series B junior subordinated notes, both due 2056.
- Notes are fully and unconditionally guaranteed by Phillips 66 (PSX).
- Offering underwritten by several banks; Indenture dated September 18, 2025 with U.S. Bank as trustee.
- Proceeds not specified; sale registered under an effective shelf registration statement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312525207435/0001193125-25-207435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312525207435/d25054d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-207435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer