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Phillips Edison Closes $350 Million Three-Year Unsecured Term Loan

By Public Technologies
  • Phillips Edison & Co. closed a $350 million unsecured term loan facility with KeyBank as administrative agent.
  • The three-year facility matures October 23, 2029, with initial annual interest at SOFR plus 0.8%.
  • An initial $175 million was drawn, with the remaining $175 million available through April 21, 2027.
  • Initial proceeds paid down a $161.8 million term loan and outstanding balances under the borrower's $1 billion revolving credit facility.
  • An uncommitted accordion permits up to $450 million in additional term loans, increasing total potential borrowing to $800 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison & Co. Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610261618PRIMZONEFULLFEED9853311) on October 26, 2026, and is solely responsible for the information contained therein.

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