Phillips 66 calls all $450 million floating-rate notes due 2024

By Marisa Wong

Los Angeles, Nov. 10 – Phillips 66 announced it will redeem all $450 million of its outstanding floating-rate senior notes due 2024, according to a press release.

The notes will be redeemed on Dec. 15 at par plus accrued interest to but excluding the redemption date.

Phillips 66 plans to use cash on hand to fund the redemption.

U.S. Bank NA is the trustee.

Phillips 66 is a Houston-based diversified energy manufacturing and logistics company.

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