Phillips 66 entered into a 364-day term loan credit agreement for USD 2.25 billion with a syndicate of banks, with Mizuho serving as administrative agent. The company borrowed the full USD 2.25 billion on March 18, 2026, and the loan matures 364 days after that date. Borrowings under the facility bear interest at either Term SOFR plus 1.1% or a reference rate plus 0.1%. Separately, Phillips 66 amended its accounts receivable securitization program to increase the maximum facility size to USD 1.75 billion. The amendment also allows a future request to increase the facility size to up to USD 2 billion.

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 66 published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-114070), on March 18, 2026, and is solely responsible for the information contained therein.