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Phillips Edison & Company Announces Maturity Extension and Upsize of $1.0 Billion Unsecured Revolving Credit Facility

Jan 09, 2025•over 1 year ago

Contract Type

agreement

United StatesReal EstateRetail

Description

Phillips Edison & Company, Inc. announced the closing of the second amendment to its unsecured revolving credit facility, increasing the size of the facility to $1.0 billion and extending the maturity date to January 9, 2029, with options to extend maturity for two additional six-month periods.

Company Information

Company

Phillips Edison & Company

Location

United States

About

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that specializes in the acquisition, development, and management of grocery-anchored shopping centers. The company operates in the retail real estate industry, focusing on properties that cater to essential goods and services. Its key products and services include property leasing, property management, and strategic asset management, primarily in suburban markets across the United States. The firm has positioned itself to take advantage of consumer trends toward convenience shopping and has a substantial portfolio of properties under its management. As of now, it is listed on The Nasdaq Global Select Market under the symbol 'PECO' and is recognized for its commitment to sustainable and community-focused retail environments.

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