secwatch.observer — SEC 8-K summary
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Issuer:     Phillips 66 (PSX)
CIK:        0001534701
Form:       8-K
Filed at:   2026-08-21T20:58:45+00:00
Accession:  0001193125-26-361266
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1534701/000119312526361266/0001193125-26-361266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1534701/000119312526361266/d131307d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-361266

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