Phillips Edison prices $350 million 5.250% senior notes due 2032
Phillips Edison Grocery Center Operating Partnership I, L.P., a subsidiary, completed an underwritten public offering of $350 million of 5.250% senior notes maturing August 15, 2032, guaranteed by Phillips Edison & Company, Inc. The estimated net proceeds of approximately $346.2 million are intended for general corporate purposes, including repaying revolving credit facility borrowings and term loans, which adds long-term debt while refinancing existing borrowings.
Key points
- Notes: $350,000,000 aggregate principal of 5.250% senior notes due August 15, 2032
- Underwriters paid 99.207% of principal; estimated net proceeds approximately $346.2 million
- Interest payable February 15 and August 15, beginning February 15, 2026
- Proceeds to repay revolving credit facility borrowings and term loans, among other general corporate uses
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 June 17, 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.