Phillips 66 Enters Material Definitive Agreement
Ticker: PSX · Form: 8-K · Filed: Oct 1, 2024 · CIK: 1534701
| Field | Detail |
|---|---|
| Company | Phillips 66 (PSX) |
| Form Type | 8-K |
| Filed Date | Oct 1, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.01, $500 million, $0 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: PSX
TL;DR
PSX signed a big financial deal on 9/30, details to come.
AI Summary
On September 30, 2024, Phillips 66 entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is a significant event requiring disclosure.
Why It Matters
This filing indicates Phillips 66 has entered into a significant financial agreement, which could impact its balance sheet and future financial obligations.
Risk Assessment
Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial commitments or risks that are not yet fully detailed.
Key Numbers
- 001-35349 — SEC File Number (Identifies the specific SEC filing for Phillips 66.)
- 45-3779385 — IRS Employer Identification No. (Tax identification number for Phillips 66.)
Key Players & Entities
- Phillips 66 (company) — Registrant
- September 30, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 2331 CityWest Boulevard Houston, Texas 77042 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement Phillips 66 entered into?
The filing states Phillips 66 entered into a material definitive agreement, but the specific details of the agreement are not provided in this initial report.
What is the direct financial obligation or off-balance sheet arrangement mentioned?
The filing confirms the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics are not detailed here.
Who is the counterparty to this material definitive agreement?
The filing does not disclose the name of the counterparty to the material definitive agreement.
What is the dollar amount associated with this financial obligation?
The filing does not specify any dollar amounts related to the financial obligation or the agreement.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 30, 2024.
Filing Stats: 1,138 words · 5 min read · ~4 pages · Grade level 16.1 · Accepted 2024-10-01 16:05:59
Key Financial Figures
- $0.01 — nge on which registered Common stock, $0.01 par value PSX New York Stock Exchan
- $500 million — of Phillips 66, entered into a 364-day, $500 million accounts receivable securitization faci
- $0 — As of September 30, 2024, approximately $0 of loans and/or investments were outsta
Filing Documents
- d816059d8k.htm (8-K) — 29KB
- d816059dex101.htm (EX-10.1) — 777KB
- d816059dex102.htm (EX-10.2) — 211KB
- 0001193125-24-230145.txt ( ) — 1365KB
- psx-20240930.xsd (EX-101.SCH) — 3KB
- psx-20240930_lab.xml (EX-101.LAB) — 17KB
- psx-20240930_pre.xml (EX-101.PRE) — 11KB
- d816059d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Receivables Purchase and Financing Agreement, dated as of September 30, 2024, among Phillips 66 Receivables LLC, the persons from time to time party thereto as purchaser/lenders, PNC Bank, National Association, as Administrative Agent, Phillips 66 Company, as servicer, and PNC Capital Markets LLC, as structuring agent. 10.2 Sale and Contribution Agreement, dated as of September 30, 2024, between Phillips 66 Company, as an originator, and Phillips 66 Receivables LLC, as buyer. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE 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 66 By: /s/ Vanessa Allen Sutherland Name: Vanessa Allen Sutherland Title: Executive Vice President October 1, 2024