Financing ·
On August 20, 2026, Phillips 66 amended its accounts receivable securitization program via the Fifth Amendment to…
PSXPhillips 66
On August 20, 2026, Phillips 66 amended its accounts receivable securitization program via the Fifth Amendment to Receivables Purchase and Financing Agreement. The amendment establishes an uncommitted facility of up to $250 million, increases the maximum committed facility size from $1.75 billion to $2 billion, and extends the maturity date from September 28, 2026, to August 19, 2027. Phillips 66 operates in the energy sector, specifically refining, marketing, and transporting crude oil and petroleum products.