Item 1.01. Entry into a Material Definitive Agreement.
On
• increase the total revolving credit commitments under the Credit Agreement from$500.0 million to$800.0 million ; and • replace the interest rate based on London Interbank Offered Rate with an interest rate based on secured overnight financing rate.
The foregoing description of the First Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the First Amendment, a copy of which is filed as Exhibit 10.1 to this Form 8-K and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information provided in Item 1.01 of this Form 8-K is incorporated by reference herein.
Item 7.01. Regulation FD Disclosure.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No Description 10.1 First Amendment to the Credit Agreement among Phillips EdisonGrocery Center Operating Partnership I, L.P., Phillips Edison & Company, Inc. , the lenders party thereto, andPNC Bank, National Association as administrative agent, datedMay 20, 2022 . 99.1 Press release regarding First Amendment of the Credit Facility datedMay 20, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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