Phillips Edison enters $200M interest rate swap to hedge variable-rate debt

Phillips Edison & Company, Inc.

Notional amount of $200M, swaps daily SOFR for fixed rate of approximately 3.36% per annum.
Swap effective September 15, 2023, maturing September 1, 2026.
Designated as a cash flow hedge for the Operating Partnership's variable-rate term loans.
Instrument entered for risk management, not for trading purposes.

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