Corporate ActionAug 10, 2026, 05:33 PM
Phillips Edison Launches $400M At-The-Market Stock Offering
AI Summary
Phillips Edison & Company, Inc. and its operating partnership entered into a sales agreement for a continuous at-the-market (ATM) offering program. The company may offer and sell up to $400.0 million of common stock through various agents, including Morgan Stanley and BofA Securities. Sales can be made via ordinary brokers' transactions, negotiated deals, or block transactions, with commissions up to 2.0%. The program also allows for forward sale agreements with various forward purchasers.
Key Highlights
- Phillips Edison & Company launched a continuous at-the-market (ATM) offering program.
- The program allows for the sale of common stock up to an aggregate offering price of $400.0 million.
- Sales will be conducted through agents including Morgan Stanley, BMO Capital Markets, and BofA Securities.
- Commissions for sales agents will not exceed 2.0% of the gross sales price.
- The company may also enter into forward sale agreements with various forward purchasers.
Price Impact
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