Financing ·
On August 10, 2026, Phillips Edison & Company, Inc. entered into a sales agreement with multiple investment banks to…
PECOPhillips Edison & Company, Inc.
On August 10, 2026, Phillips Edison & Company, Inc. entered into a sales agreement with multiple investment banks to establish an at-the-market equity offering program allowing the sale of up to $400.0 million in common stock shares from time to time. The company may sell shares through agents or forward sellers, paying commissions not exceeding 2.0% of gross proceeds. Net proceeds will be contributed to the Operating Partnership to temporarily repay revolving credit facility borrowings, fund property acquisitions for external growth, and potentially retire outstanding debt securities. Phillips Edison & Company, Inc. operates in the real estate industry, specifically owning and managing grocery-anchored shopping centers.