PECO enters $150M interest rate swap fixing SOFR at 3.45% until Dec 2025

Phillips Edison & Company, Inc.

Notional amount $150M, fixed rate ~3.45% on daily SOFR, effective Sep 25, 2024, matures Dec 31, 2025.
Designated as cash flow hedge to mitigate interest rate risk on variable-rate term loans.
Swap is not for trading purposes; entered under ISDA Master Agreement on Jan 12, 2024.

item 8.01 item 9.01

Phillips Edison & Company, Inc. filing history →

Source: SEC EDGAR

accession 0001476204-24-000015

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