Phillips Edison Closes $350 Million Three-Year Unsecured Term Loan
The loan matures Oct. 23, 2029, and initially carries interest at SOFR plus 0.80%. Phillips Edison drew $175 million to repay a $161.8 million term loan and reduce revolver borrowings; another $175 million is available to draw by Apr. 21, 2027. The agreement includes an uncommitted $450 million accordion.
Phillips Edison & Company closed a new $350M unsecured term loan maturing Oct. 23, 2029 at SOFR+0.80% initially, drew $175M to repay a $161.8M term loan and reduce revolver borrowings. $175M remains available to draw by Apr. 21, 2027, with an uncommitted $450M accordion.Material DetailsContext by A…