secwatch.observer — SEC 8-K summary
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Issuer:     Phillips Edison & Company, Inc. (PECO)
CIK:        0001476204
Form:       8-K
Filed at:   2024-01-16T23:59:59+00:00
Accession:  0001476204-24-000015
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000015/0001476204-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1476204/000147620424000015/cik0001476204-20240112.htm
  HTML page:      https://secwatch.observer/filing/0001476204-24-000015

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