Phillips Edison & Co. Files Prospectus for $350 Million Senior Unsecured Notes Offering

Reuters
06-13
Phillips Edison & Co. Files Prospectus for $350 Million Senior Unsecured Notes Offering

Phillips Edison & Co. Inc. (Nasdaq: PECO), a leading owner and operator of grocery-anchored neighborhood shopping centers, has filed a prospectus with the Securities and Exchange Commission $(SEC.UK)$ for the public offering of $350 million in senior unsecured notes. The notes, due in 2032, carry an interest rate of 5.250% and were priced at 99.832% of the principal amount. The proceeds from this offering, which is expected to settle on June 17, 2025, will be used for general corporate purposes such as repaying debt, acquiring properties, and funding capital expenditures. The offering is being managed by J.P. Morgan, Fifth Third Securities, Mizuho, among others, with Ramirez and Co., Inc. acting as co-manager. The prospectus and additional details are available on the SEC's website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison & Co. Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9468253-en) on June 13, 2025, and is solely responsible for the information contained therein.

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