Form 8-K · Current report
Phillips 66 8-K, filed Aug 21, 2026
- Filed
- CIK
- 0001534701
- Accession no.
- 0001193125-26-361266
Summary
Phillips 66 Company, a wholly owned subsidiary of Phillips 66, amended its accounts receivable securitization program on August 20, 2026, increasing the maximum committed facility size from $1.75 billion to $2 billion, adding an uncommitted facility of up to $250 million, and extending the maturity date from September 28, 2026 to August 19, 2027.
Key points
- The amendment is the Fifth Amendment to the Receivables Purchase and Financing Agreement originally dated September 30, 2024.
- Parties to the agreement include Phillips 66 Company as servicer, Phillips 66 Receivables LLC as SPE, PNC Bank, National Association as administrative agent, and PNC Capital Markets LLC as structuring agent.
- Lenders and their affiliates party to the facility have provided and may continue to provide investment banking, advisory, lending, and commercial banking services to Phillips 66 for customary compensation.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. On August 20, 2026, Phillips 66 Company (the “Company”), a wholly owned subsidiary of Phillips 66 (“Phillips 66”), amended the Company’s accounts receivable securitization program. In connection therewith, the Company entered into the Fifth Amendment to Receivables Purchase and Financing Agreement (the “Amendment”) to amend its existing Receivables Purchase and Financing Agreement dated September 30, 2024 (as amended, the “RPFA”), among the Company, as servicer, Phillips 66 Receivables LLC, as SPE, the purchaser/lenders party thereto from time to time, PNC Capital Markets LLC, as structuring agent, and PNC Bank, National Association, as…
An excerpt of the text as filed with the SEC, cut for length.
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