Phillips Edison & Co. Finalizes $350 Million Senior Notes Offering to Bolster Corporate Finances and Expansion Efforts

Reuters
06/18
Phillips Edison & Co. Finalizes $350 Million Senior Notes Offering to Bolster Corporate Finances and Expansion Efforts

Phillips Edison & Co. Inc., through its subsidiary Phillips Edison Grocery Center Operating Partnership I, L.P., has entered into a significant financing agreement by completing an underwritten public offering of $350 million in 5.250% Senior Notes due 2032. The Notes, which are fully and unconditionally guaranteed by Phillips Edison & Co. Inc., were offered in collaboration with major financial institutions including J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC. The net proceeds, estimated at approximately $346.2 million after deductions, will be used for general corporate purposes such as repaying existing debt and acquiring additional properties. The strategic move aims to enhance the company's financial flexibility and support its expansion goals.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-142047), on June 17, 2025, and is solely responsible for the information contained therein.

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