Latham & Watkins Advises Phillips Edison & Company in US$350 Million Senior Unsecured Notes Offering

Phillips Edison & Company, Inc. (Nasdaq: PECO) (PECO), one of the nation’s largest owners and operators of high-quality, grocery-anchored neighborhood shopping centers, has announced that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P., closed a public offering of US$350 million aggregate principal amount of 5.250% senior unsecured notes due 2032. The notes were priced at 99.832% of the principal amount and will mature on August 15, 2032. The notes are fully and unconditionally guaranteed by PECO. The offering settled on June 17, 2025.

Latham & Watkins LLP represents PECO in the offering with a corporate team led by Century City/New York partner Lewis Kneib and Los Angeles/New York partner Julian Kleindorfer, with associates Grace Garcea, Teddy Finneran, and Steve Hess. Advice was also provided on tax matters by Los Angeles/Century City partners Eric Cho and Pardis Zomorodi, with associate Kathryn Harrington.