Phillips Edison Enters Material Agreement, Incurs Financial Obligation
Ticker: PECO · Form: 8-K · Filed: Jan 10, 2025 · CIK: 1476204
| Field | Detail |
|---|---|
| Company | Phillips Edison & Company, INC. (PECO) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $1,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation, real-estate
TL;DR
PECO just signed a big deal creating new financial obligations. Details in the filing.
AI Summary
On January 9, 2025, Phillips Edison & Company, Inc. entered into a material definitive agreement. This agreement also created a direct financial obligation or an obligation under an off-balance sheet arrangement for the registrant. The filing includes financial statements and exhibits related to these events.
Why It Matters
This filing indicates a significant new financial commitment or arrangement for Phillips Edison & Company, Inc., which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into new material agreements and financial obligations inherently carries risks related to performance, terms, and potential impact on the company's financial stability.
Key Players & Entities
- Phillips Edison & Company, Inc. (company) — Registrant
- January 9, 2025 (date) — Date of earliest event reported
FAQ
What type of material definitive agreement did Phillips Edison & Company, Inc. enter into?
The filing states that Phillips Edison & Company, Inc. entered into a material definitive agreement, but the specific nature of the agreement is not detailed in the provided text.
What is the nature of the direct financial obligation or off-balance sheet arrangement created?
The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of this obligation are not provided in the excerpt.
What is the significance of the filing date and the date as of change?
The filing was made as of January 10, 2025, and the date as of the change is also January 10, 2025, indicating the effective date for the reported information.
What is Phillips Edison & Company, Inc.'s Standard Industrial Classification (SIC) code?
Phillips Edison & Company, Inc.'s SIC code is 6798, which corresponds to REAL ESTATE INVESTMENT TRUSTS.
What were the former names of Phillips Edison & Company, Inc. and when did they change?
Phillips Edison & Company, Inc. was formerly known as PHILLIPS EDISON GROCERY CENTER REIT I, INC. (name change on 20141205) and Phillips Edison - ARC Shopping Center REIT Inc. (name change on 20091105).
Filing Stats: 952 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2025-01-10 06:56:27
Key Financial Figures
- $0.01 — ange on which registered Common Stock $0.01 par value PECO The Nasdaq Global Se
- $1,000,000,000 — nt (the "Revolving Credit Facility") to $1,000,000,000 and extends the maturity date of the Re
Filing Documents
- d831033d8k.htm (8-K) — 27KB
- d831033dex101.htm (EX-10.1) — 856KB
- g831033g53z66.jpg (GRAPHIC) — 7KB
- 0001193125-25-004058.txt ( ) — 1222KB
- peco-20250109.xsd (EX-101.SCH) — 3KB
- peco-20250109_lab.xml (EX-101.LAB) — 17KB
- peco-20250109_pre.xml (EX-101.PRE) — 11KB
- d831033d8k_htm.xml (XML) — 3KB
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 10, 2025 By: /s/ John P. Caulfield John P. Caulfield Chief Financial Officer, Executive Vice President and Treasurer