Phillips 66
Phillips 66 Announces New Credit Agreement and Senior Notes Offering
Summary
On February 26, 2024, Phillips 66 Company entered into a new $5 billion revolving credit agreement, replacing its existing one dated June 23, 2022. The new Credit Agreement, maturing on February 28, 2029, includes options for capacity increase and maturity extension. Simultaneously, Phillips 66 Company announced the public offering of $1.5 billion aggregate principal amount of senior notes due in 2031, 2033, and 2054, guaranteed by Phillips 66. Additionally, DCP Midstream Operating, LP announced the redemption of $300 million in senior notes due 2025, and Phillips 66 Company announced the repayment of $700 million of outstanding borrowings under its delayed draw term loan facility.
Profitelligence Alerts
Get alerts for PSX
Be first to know when Phillips 66 files with the SEC.
Filing Categories
Exhibits (5)
Advertisement
About Phillips 66
Phillips 66 is a renowned American multinational energy company involved in refining, transporting, and marketing petroleum products. Engaging primarily as a downstream sector entity, Phillips 66 operates an extensive network of refineries, pipelines, and retail stations across the globe. The company's main function is to refine crude oil into marketable fuels such as gasoline, diesel, and jet fuel, as well as petrochemical products that serve as building blocks for various industrial applications. Additionally, Phillips 66 is known for its logistics and midstream operations, which include pipelines and trucking services that facilitate efficient energy distribution. The company plays a critical role in the energy sector, impacting industries ranging from transportation to manufacturing. By maintaining a strategic focus on safety, environmental stewardship, and operational excellence, Phillips 66 contributes significantly to the global energy supply chain. Established in 1875 and headquartered in Houston, Texas, Phillips 66 continues to provide essential energy solutions while adapting to evolving market dynamics and sustainability demands.
Official SEC Documents
Advertisement