Phillips Edison & Company, Inc.

The information set forth below is included herein for the purposes of providing disclosure required under “Item 1.01. Entry into a Material Definitive Agreement.”, “Item 2.03. Termination of a Material Definitive Agreement.” and “Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.” of Form 8-K.

On October 23, 2026, the Company and the Operating Partnership entered into a credit agreement (the “Credit Agreement”) with KeyBank National Association, as administrative agent, and the lenders party thereto, for a new term loan facility of up to $350 million (the “Term Loan Facility”), of which $175 million was drawn at closing and $175 million is available as a delayed draw subfacility for 180 days after closing. The borrowings under the Term Loan Facility will be used to refinance existing indebtedness, to finance working capital, capital expenditures, acquisitions, redevelopment, joint ventures, note purchases, mezzanine debt investments and construction and for other general corporate purposes. The Term Loan Facility will mature on October 23, 2029, subject to extension as set forth in the Credit Agreement. The Credit Agreement includes an uncommitted term loan accordion permitting increases to the Term Loan Facility and new tranches of term loans of up to $450 million, with the aggregate outstanding principal amount of term loans not exceeding $800 million. The foregoing description of the Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this Quarterly Report on Form 10-Q.

Additionally on October 23, 2026, in connection with the entry into the Term Loan Facility, the Company terminated the Amended and Restated Credit Agreement, dated as of July 31, 2023, among the Company, the Operating Partnership, the lenders from time to time party thereto and Capital One, National Association, as administrative agent. There were no penalties incurred by the Company as a result of the termination.