Phillips Edison & Co. Files 8-K on Material Agreement
Ticker: PECO · Form: 8-K · Filed: May 13, 2024 · CIK: 1476204
| Field | Detail |
|---|---|
| Company | Phillips Edison & Company, INC. (PECO) |
| Form Type | 8-K |
| Filed Date | May 13, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $350,000,000, $50.0 million, $341.5 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, real-estate
TL;DR
PECO filed an 8-K for a new material agreement and financial obligation.
AI Summary
Phillips Edison & Company, Inc. filed an 8-K on May 8, 2024, reporting the entry into a material definitive agreement and the creation of a direct financial obligation. The filing also includes other events and financial statements/exhibits. The company is a real estate investment trust incorporated in Maryland.
Why It Matters
This filing indicates a significant new agreement and financial commitment for Phillips Edison & Company, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — Material definitive agreements and new financial obligations can introduce new risks or alter existing ones for a company.
Key Players & Entities
- Phillips Edison & Company, Inc. (company) — Registrant
- May 8, 2024 (date) — Date of earliest event reported
- Maryland (jurisdiction) — State of incorporation
FAQ
What is the nature of the material definitive agreement entered into by Phillips Edison & Company, Inc.?
The filing states the entry into a material definitive agreement but does not provide specific details about its nature within the provided text.
What is the specific financial obligation created by Phillips Edison & Company, Inc.?
The filing indicates the creation of a direct financial obligation but does not specify the amount or terms within the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on May 8, 2024.
What is the primary business of Phillips Edison & Company, Inc. according to the filing?
Phillips Edison & Company, Inc. is classified under Standard Industrial Classification code 6798 as REAL ESTATE INVESTMENT TRUSTS.
Where is Phillips Edison & Company, Inc. incorporated?
Phillips Edison & Company, Inc. is incorporated in Maryland.
Filing Stats: 1,705 words · 7 min read · ~6 pages · Grade level 11.5 · Accepted 2024-05-13 16:05:33
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 par value PECO The Nasdaq Global Se
- $350,000,000 — eted an underwritten public offering of $350,000,000 aggregate principal amount of its 5.750
- $50.0 million — tstanding principal amount in excess of $50.0 million at final maturity or upon acceleration
- $341.5 m — Notes are expected to be approximately $341.5 million, after deducting the underwriting
Filing Documents
- d807068d8k.htm (8-K) — 42KB
- d807068dex11.htm (EX-1.1) — 188KB
- d807068dex42.htm (EX-4.2) — 288KB
- d807068dex51.htm (EX-5.1) — 23KB
- d807068dex52.htm (EX-5.2) — 21KB
- g807068g0511105134524.jpg (GRAPHIC) — 4KB
- g807068g08j48.jpg (GRAPHIC) — 10KB
- g807068g33s42.jpg (GRAPHIC) — 4KB
- g807068g57w32.jpg (GRAPHIC) — 2KB
- g807068g95l77.jpg (GRAPHIC) — 5KB
- 0001193125-24-137199.txt ( ) — 844KB
- peco-20240508.xsd (EX-101.SCH) — 3KB
- peco-20240508_lab.xml (EX-101.LAB) — 17KB
- peco-20240508_pre.xml (EX-101.PRE) — 11KB
- d807068d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits . Exhibit Number Description of Exhibit 1.1 Underwriting Agreement 4.1 Indenture, dated as of October 6, 2021, by and among Phillips Edison Grocery Center Operating Partnership I, L.P., as issuer, Phillips Edison & Company, Inc., as guarantor, and U.S. Bank National Association, as trustee (previously filed on Form 8-K filed on October 6, 2021). 4.2 Second Supplemental Indenture, dated as of May 13, 2024, by and among Phillips Edison Grocery Center Operating Partnership I, L.P., as issuer, Phillips Edison & Company, Inc., as guarantor, and U.S. Bank Trust Company National Association, as trustee. 4.3 Form of 5.750% Senior Note due 2034 (included in Exhibit 4.2). 5.1 Opinion of Ballard Spahr LLP. 5.2 Opinion of Latham & Watkins LLP. 23.1 Consent of Ballard Spahr LLP (included in Exhibit 5.1). 23.2 Consent of Latham & Watkins LLP (included in Exhibit 5.2). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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: May 13, 2024 By: /s/ John P. Caulfield John P. Caulfield Chief Financial Officer, Executive Vice President and Treasurer