AI English summary of an SEC filing — figures as filed

Phillips 66 said on September 29, 2025 its subsidiary Phillips 66 Company entered into a Third Amendment to Receivables Purchase and Financing Agreement to amend its accounts receivable securitization program.

8-KEntry into a Material Definitive AgreementFiled Sep 30, 2025Period of report Sep 29, 2025Summary published (UTC) Oct 12, 2026

Key points

AI summary

Phillips 66 said on September 29, 2025 its subsidiary Phillips 66 Company entered into a Third Amendment to Receivables Purchase and Financing Agreement to amend its accounts receivable securitization program.
The company said the amendment increased the maximum facility size from $1 billion to $1.25 billion.
Phillips 66 said the amendment extended the maturity date of the existing RPFA dated September 30, 2024 from September 29, 2025 to September 28, 2026.
The company said the parties to the amendment include Phillips 66 Receivables LLC, Phillips 66 Company as servicer, and Purchaser/Lenders, with PNC Bank, National Association serving as Administrative Agent and PNC Capital Markets LLC serving as structuring agent.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

Amendment to Accounts Receivable Securitization Program

Phillips 66 said on September 29, 2025 its subsidiary Phillips 66 Company entered into a Third Amendment to Receivables Purchase and Financing Agreement to amend its accounts receivable securitization program.

Source · Based on the filing body and exhibits

Maximum Facility Size Increased from $1 billion to $1.25 billion

The company said the amendment increased the maximum facility size from $1 billion to $1.25 billion.

Source · Based on the filing body and exhibits

Maturity Date Extended to September 28, 2026

Phillips 66 said the amendment extended the maturity date of the existing RPFA dated September 30, 2024 from September 29, 2025 to September 28, 2026.

Source · Based on the filing body and exhibits

Amendment Parties and PNC Roles

The company said the parties to the amendment include Phillips 66 Receivables LLC, Phillips 66 Company as servicer, and Purchaser/Lenders, with PNC Bank, National Association serving as Administrative Agent and PNC Capital Markets LLC serving as structuring agent.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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