Latham & Watkins Advises Phillips Edison & Company in US$350 Million of 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, and its operating partnership, Phillips Edison Grocery Center Operating Partnership I, L.P., closed its previously announced public offering of US$350 million aggregate principal amount of 4.750% senior unsecured notes due 2033. The notes were priced at 99.920% of the principal amount and will mature on March 15, 2033. The notes will be fully and unconditionally guaranteed by PECO. 

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