08:18 AM EDT, 06/13/2025 (MT Newswires) -- Phillips Edison & Company ( PECO ) said Friday that its operating partnership, Phillips Edison Grocery Center Operating Partnership I, priced a public offering of $350 million of 5.25% senior unsecured notes due Aug. 15, 2032 at 99.832% of the principal amount.

The company said it plans to use the net proceeds for general corporate purposes, including to repay borrowings and acquire additional properties. The offering is expected to settle on Tuesday.