Phillips Edison & Company, Inc. Enters Material Definitive Agreement
Ticker: PECO · Form: 8-K · Filed: Sep 12, 2024 · CIK: 1476204
| Field | Detail |
|---|---|
| Company | Phillips Edison & Company, INC. (PECO) |
| Form Type | 8-K |
| Filed Date | Sep 12, 2024 |
| Risk Level | medium |
| Pages | 6 |
| Reading Time | 7 min |
| Key Dollar Amounts | $0.01, $350,000,000, $50.0 million, $341.2 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, real-estate
TL;DR
PECO just signed a big deal, filing an 8-K for a new financial obligation.
AI Summary
On September 9, 2024, Phillips Edison & Company, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, previously known as Phillips Edison Grocery Center REIT I, Inc., filed this 8-K report to disclose this event. The filing also includes information on other events and financial statements.
Why It Matters
This filing indicates a significant financial commitment or obligation for Phillips Edison & Company, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into new financial obligations can introduce financial risk, depending on the terms and the company's ability to meet them.
Key Players & Entities
- Phillips Edison & Company, Inc. (company) — Registrant
- Phillips Edison Grocery Center REIT I, Inc. (company) — Former Company Name
- September 9, 2024 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Phillips Edison & Company, Inc. enter into?
The filing indicates the agreement is related to a direct financial obligation or an obligation under an off-balance sheet arrangement of the registrant.
What was Phillips Edison & Company, Inc. previously known as?
Phillips Edison & Company, Inc. was formerly known as Phillips Edison Grocery Center REIT I, Inc.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on September 9, 2024.
What is the Standard Industrial Classification (SIC) code for Phillips Edison & Company, Inc.?
The SIC code for Phillips Edison & Company, Inc. is 6798, which corresponds to REAL ESTATE INVESTMENT TRUSTS.
What is the business address of Phillips Edison & Company, Inc.?
The business address is 11501 NORTHLAKE DRIVE, CINCINNATI, OH 45249.
Filing Stats: 1,736 words · 7 min read · ~6 pages · Grade level 11.3 · Accepted 2024-09-12 16:01:29
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 4.950
- $50.0 million — tstanding principal amount in excess of $50.0 million at final maturity or upon acceleration
- $341.2 m — Notes are expected to be approximately $341.2 million, after deducting the underwriting
Filing Documents
- d785276d8k.htm (8-K) — 42KB
- d785276dex11.htm (EX-1.1) — 190KB
- d785276dex42.htm (EX-4.2) — 281KB
- d785276dex51.htm (EX-5.1) — 24KB
- d785276dex52.htm (EX-5.2) — 21KB
- g785276dsp62a.jpg (GRAPHIC) — 3KB
- g785276dsp66a.jpg (GRAPHIC) — 3KB
- g785276dsp67a.jpg (GRAPHIC) — 2KB
- g785276g0912105149922.jpg (GRAPHIC) — 4KB
- 0001193125-24-217976.txt ( ) — 821KB
- peco-20240909.xsd (EX-101.SCH) — 2KB
- peco-20240909_lab.xml (EX-101.LAB) — 17KB
- peco-20240909_pre.xml (EX-101.PRE) — 11KB
- d785276d8k_htm.xml (XML) — 4KB
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 Third Supplemental Indenture, dated as of September 12, 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 4.950% Senior Note due 2035 (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: September 12, 2024 By: /s/ John P. Caulfield John P. Caulfield Chief Financial Officer, Executive Vice President and Treasurer