---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-225107"
form_type: "8-K"
ticker: "PSX"
cik: "0001534701"
company_name: "Phillips 66"
filed_at: "2025-09-30T23:59:59+00:00"
generated_at: "2026-05-17T05:15:32.762435+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Phillips 66 expands AR securitization facility to $1.25B, extends maturity to Sept 2026

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-225107
- form_type: 8-K
- ticker: PSX
- cik: 0001534701
- company_name: Phillips 66
- filed_at: 2025-09-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1534701/000119312525225107/0001193125-25-225107-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1534701/000119312525225107/d65689d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-225107
- JSON: https://secwatch.observer/filing/0001193125-25-225107.json
- Plain text: https://secwatch.observer/filing/0001193125-25-225107.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1534701/000119312525225107/0001193125-25-225107-index.htm

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