PHILLIPS EDISON & COMPANY (PECO) Prices $350M Notes Offering

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Go back to PHILLIPS EDISON & COMPANY (PECO) Prices $350M Notes Offering

Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 4.950% Senior Unsecured Notes Due 2035

September 9, 2024 4:58 PM EDT

CINCINNATI, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Phillips Edison & Company, Inc. (Nasdaq: PECO) (PECO or the Company), one of the nations largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, today announced that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P. (the Operating Partnership), has priced a public offering of $350 million aggregate principal amount of 4.950% senior unsecured notes due 2035 (the Notes). The Notes were priced at 98.458% of the principal amount and will mature on January 15, 2035. The offering is expected to settle on September 12, 2024, subject to the satisfaction of customary closing... More