Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Phillips 66 Co. > News item |
Phillips 66 plans to sell notes in three parts via five bookrunners
By Devika Patel
Knoxville, Tenn., Nov. 16 – Phillips 66 intends to sell senior notes in two fixed-rate tranches and one floating-rate tranche, according to a 424B3 filing with the Securities and Exchange Commission.
The notes are guaranteed by Phillips 66 Co.
The floaters have a par call. One of the fixed-rate notes is initially non-callable, then callable at par. The final tranche of fixed-rate notes has a make-whole call followed by a par call.
RBC Capital Markets Corp., Barclays, Citigroup Global Markets Inc., Commerzbank Capital Markets Corp. and Mizuho Securities USA Inc. are the bookrunners.
Proceeds will be used to repay borrowings under the company’s 364-day term loan facility that matures in March 2021.
Phillips 66 is a Houston-based energy manufacturing and logistics company with midstream, chemicals, refining, and marketing and specialties businesses.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.