Phillips Edison amends credit deal, raising revolver to $1 billion and extending maturity to 2029
Phillips Edison & Company entered a second amendment to its credit agreement with PNC Bank as administrative agent, increasing the revolving credit facility to $1.0 billion and extending its maturity to January 9, 2029, subject to two six-month extensions. The term loan's principal and maturity are unchanged, and the filing does not report any new borrowing amounts.
Key points
- Revolving credit facility increased to $1,000,000,000 from the Second Amendment dated January 9, 2025
- Revolver maturity extended to January 9, 2029, with two consecutive six-month extension options
- Margin ranges from 0.725% to 1.400% and facility fee from 0.125% to 0.300%, based on credit rating and other metrics
- Sustainability pricing adjustment on the revolver ceases to apply on April 1, 2025; term loan rate unaffected
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 January 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.