Phillips Edison Closes $350 Million Three-Year Unsecured Term Loan

Bitget2026/10/26 20:25

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

Phillips Edison & Co. closed a $350 million unsecured term loan facility with KeyBank as administrative agent.
The three-year facility matures October 23, 2029, with initial annual interest at SOFR plus 0.8%.
An initial $175 million was drawn, with the remaining $175 million available through April 21, 2027.
Initial proceeds paid down a $161.8 million term loan and outstanding balances under the borrower's $1 billion revolving credit facility.
An uncommitted accordion permits up to $450 million in additional term loans, increasing total potential borrowing to $800 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Phillips Edison & Co. Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610261618PRIMZONEFULLFEED9853311) on October 26, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

Phillips Edison Closes $350 Million Three-Year Unsecured Term Loan

You may also like

Crypto prices