Phillips Edison & Company Announces Pricing of Offering of $350 Million Aggregate Principal Amount of 5.750% Senior Unsecured Notes Due 2034

May 8, 2024

https://www.globenewswire.com/news-release/2024/05/08/2878260/0/en/Phillips-Edison-Company-Announces-Pricing-of-Offering-of-350-Million-Aggregate-Principal-Amount-of-5-750-Senior-Unsecured-Notes-Due-2034.html

CINCINNATI, May 08, 2024 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq:PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of 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 5.750% senior unsecured notes due 2034 (the “Notes”). The Notes were priced at 98.576% of the principal amount and will mature on July 15, 2034. The offering is expected to settle on May 13, 2024, subject to the satisfaction of customary closing conditions. The notes will be fully and unconditionally guaranteed by PECO.

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