Phillips Edison Files Routine 8-K for Jan 12 Event

TL;DR

**PECO filed a routine 8-K, no big news, just standard compliance.**

AI Summary

Phillips Edison & Company, Inc. (PECO) filed an 8-K on January 16, 2024, reporting an event that occurred on January 12, 2024. This filing is a routine update to the SEC, indicating no major financial or operational changes but rather a standard disclosure of an 'Other Event' and 'Financial Statements and Exhibits'. For investors, this filing is a neutral event, as it doesn't signal any immediate positive or negative impact on the company's stock price or future performance, but rather confirms ongoing regulatory compliance.

Why It Matters

This filing is a standard regulatory update, indicating Phillips Edison & Company, Inc. is maintaining its compliance with SEC requirements, which is a positive sign of good corporate governance.

Risk Assessment

Risk Level: low — This 8-K filing is a standard procedural update and does not contain information that suggests any new or elevated risks to the company or its investors.

Analyst Insight

A smart investor would note this as a routine compliance filing, indicating no immediate need for action. It's a good reminder to stay updated on all SEC filings, even the seemingly minor ones, to ensure full transparency into a company's operations.

Key Players & Entities

• Phillips Edison & Company, Inc. (company) — the registrant filing the 8-K
• January 12, 2024 (date) — date of the earliest event reported in the 8-K
• January 16, 2024 (date) — date the 8-K was filed
• PECO (company) — trading symbol for Phillips Edison & Company, Inc.
• The Nasdaq Global Select Market (company) — exchange where PECO common stock is registered

FAQ

Key Financial Figures

• $0.01 — hange on which registered Common Stock $0.01 par value per share PECO The Nasdaq Glo
• $150.0 million — ment. The swap has a notional amount of $150.0 million and swaps the daily Secured Overnight F

Filing Documents

• cik0001476204-20240112.htm (8-K) — 29KB
• pecojanuary2024derivativee.htm (EX-99.1) — 12KB
• cik0001476204-20240112_g1.jpg (GRAPHIC) — 330KB
• 0001476204-24-000015.txt ( ) — 849KB
• cik0001476204-20240112.xsd (EX-101.SCH) — 2KB
• cik0001476204-20240112_lab.xml (EX-101.LAB) — 23KB
• cik0001476204-20240112_pre.xml (EX-101.PRE) — 12KB
• cik0001476204-20240112_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On January 12, 2024 , the Operating Partnership entered into an interest rate swap pursuant to an International Swaps and Derivatives Association Master Agreement. The swap has a notional amount of $150.0 million and swaps the daily Secured Overnight Financing Rate for a fixed rate of approximately 3.45% effective September 25, 2024 and maturing December 31, 2025. This instrument, which is designated as a cash flow hedge instrument, was entered into to mitigate the interest rate risk inherent in the Operating Partnership's variable rate term loans and not for trading purposes. On January 16, 2024, the Company issued a press release announcing the entry into the interest rate swap. A copy of the press release is attached hereto as exhibit 99.1 and is incorporated herein by reference.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description of Exhibit 99.1 Press Release dated January 16, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PHILLIPS EDISON & COMPANY, INC. Dated: January 16, 2024 By: /s/ Jennifer L. Robison Jennifer L. Robison Chief Accounting Officer and Senior Vice President (Principal Accounting Officer)

View Full Filing

View this 8-K filing on SEC EDGAR