Phillips Edison & Company, Inc. (PECO) said on Friday that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P., has priced a public offering of $350 million aggregate principal amount of 5.250% senior unsecured notes due 2032.
The Operating Partnership intends to use the net proceeds from the offering for general corporate purposes, including debt repayment, acquisition of additional properties, capital expenditures, and others.
The offering is expected to be closed on June 17.
The notes will be fully and unconditionally guaranteed by PECO.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.