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CM - Phillips 66’s $1B bond sale includes 2025 add-on and new 2030s - June 2020
Phillips 66 launched debt offerings totaling $1 billion on June 9. The offerings comprised two tranches: $850 million aggregate principal amount of 2.15% senior notes due 2030 and a $150 million add-on tranche to its existing 3.85% senior notes due 2025, of which the company initially sold $500 million on April 9. The company said both 2025 offerings will be treated as a single series upon settlement. The new 2025 tranche was sold at......
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