secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2023-03-20T23:59:59+00:00
Accession:  0001476204-23-000043
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620423000043/0001476204-23-000043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620423000043/cik0001476204-20230315.htm
  HTML page:      https://secwatch.observer/filing/0001476204-23-000043

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