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AI brief of an SEC Form 8-K · Phillips Edison & (PECO)

Phillips Edison prices $350 million of 4.950% senior notes due 2035

Neutral Impact 3 of 5 financing Written later

Phillips Edison Grocery Center Operating Partnership I, L.P., a subsidiary guaranteed by Phillips Edison & Company, completed an underwritten public offering of $350 million of 4.950% senior notes due January 15, 2035. The estimated net proceeds of about $341.2 million are intended for general corporate purposes, including acquiring properties and repaying debt, which adds to the company's direct debt obligations.

Key points

  • Principal amount: $350 million; purchase price to underwriters was 97.808% of principal
  • Notes bear 4.950% interest, paid January 15 and July 15, first payment January 15, 2025, maturing January 15, 2035
  • Estimated net proceeds of approximately $341.2 million after underwriting discount and expenses
  • Indenture includes limits on additional debt and a requirement to maintain unencumbered assets

The filing

CompanyPhillips Edison & (PECO)
Form8-K, current report
Filed with the SECSep 12, 2024, 4:01 PM ET
Accession number0001193125-24-217976

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 12, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.