8-KItem 1.01 · Material AgreementItem 2.03 · Financial ObligationItem 9.01 · Financial Statements
Phillips 66 Expands Receivables Facility to $2.25 Billion and Extends Maturity
Filed with the SEC on · Summarized by InvestorsBot
Phillips 66 subsidiary Phillips 66 Company amended its accounts receivable securitization program with PNC Bank as administrative agent and participating financial institutions. The amendment increases the maximum committed facility from $1.75 billion to $2 billion, adds an uncommitted facility of up to $250 million, and extends the maturity date from September 28, 2026, to August 19, 2027.