Phillips 66 expands AR receivables facility to $2B committed, adds Truist, extends maturity to Aug 2027

Phillips 66

Fifth Amendment raises maximum committed facility from $1.75B to $2B and adds a $250M uncommitted facility.
Maturity extended from Sept 28, 2026 to Aug 19, 2027; Truist Bank joins as purchaser/lender with $162.5M.
After rebalancing, PNC capital is $812.5M, SMBC $325M, Truist $162.5M; aggregate $1.3B.
Phillips 66 reaffirmed its Performance Guaranty remains in full force and effect.

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