Phillips 66 (PSX): debt financing — Phillips 66 expands AR securitization facility to $1.25B, extends maturity to Sept 2026

Phillips 66

Facility size increased from $1.0B to $1.25B.
Maturity extended from Sept 29, 2025 to Sept 28, 2026.
Sumitomo Mitsui Banking Corporation added as a new Purchaser/Lender.
Parent Phillips 66 reaffirmed its performance guarantee under the program.
Amendment covers both receivables purchase and loan facility components.

item 1.01 item 2.03 item 9.01

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 66 amended credit facility of $1.25 billion with PNC Bank, National Association maturing September 28, 2026.

Instrument: credit facility
Principal: $1.25 billion
Counterparty: PNC Bank, National Association
Maturity: September 28, 2026
Event: amendment

Exact text from the filing

and PNC Bank, National Association, as Administrative Agent. The Amendment amends the RPFA to, among other things, (i) increase the maximum facility size from $1 billion to $1.25 billion and (ii) extend the maturity date from September 29, 2025 to September 28, 2026. The foregoing description of the Amendment is not complete and is qualified in its entirety by

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Source: SEC EDGAR

accession 0001193125-25-225107

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