Phillips Edison & Company announces the price of its initial public offering

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CINCINNATI – (COMMERCIAL THREAD) – Phillips Edison & Company, Inc. (“PECO”), one of the nation’s largest owners and operators of omnichannel neighborhood shopping centers anchored in grocery stores, today announced the price of its initial public offering of 17,000,000 common shares at a public price of $ 28.00 per share.

PECO has granted the underwriters a 30-day option to purchase up to 2,550,000 additional common shares at the initial public offering price, less underwriting discounts and commissions.

Common shares of PECO are expected to begin trading on July 15, 2021 on the Nasdaq Global Select Market under the symbol “PECO” and the offering is expected to close on July 19, 2021, subject to the satisfaction of the customary close. . conditions.

PECO intends to use the net proceeds of the offering to repay its $ 375.0 million unsecured term loan maturing in 2022, finance external growth with real estate acquisitions and fund other uses. general company policies.

Morgan Stanley, BofA Securities, JP Morgan, BMO Capital Markets, Goldman Sachs & Co. LLC, KeyBanc Capital Markets, Mizuho Securities and Wells Fargo Securities acted as co-book managers for the offer. BTIG, Capital One Securities, Fifth Third Securities, PNC Capital Markets LLC and Regions Securities LLC acted as co-managers of the offering.

The offering is being made by way of prospectus only, and copies of the final prospectus may be obtained, where available, from: Morgan Stanley & Co. LLC, Attn. : Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014; BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn .: Prospectus Department, or by email at [email protected]; or JP Morgan Securities LLC, Attn .: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by phone at (866) 803-9204 or by email at [email protected]

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and has been declared effective under the Securities Act of 1933, as amended. This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Phillips Edison & Company

Phillips Edison & Company, Inc. (“PECO”) is one of the largest owners and operators of omni-channel neighborhood shopping centers anchored in grocery stores. As of March 31, 2021, PECO held interests in 300 buildings, including 278 wholly owned buildings and 22 shopping center buildings held through two unconsolidated joint ventures with institutional partners.

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