05:53 PM EDT, 09/09/2024 (MT Newswires) -- Phillips Edison ( PECO ) said Monday that its Phillips Edison Grocery Center Operating Partnership I has priced a public offering of $350 million of 4.950% senior unsecured notes due 2035.

The notes, which will be fully and unconditionally guaranteed by Phillips Edison ( PECO ), were priced at 98.458% of the principal amount, it said.

The offering is scheduled to close on Thursday.

The operating partnership plans to use the net proceeds for general corporate purposes, according to Phillips Edison ( PECO ).