Phillips 66 Secures New $2.25 Billion Term Loan

NodeGuardian · 2026-03-28T21:14:49+00:00

Phillips 66 has secured a $2.25 billion term loan and expanded its receivables facility to $1.75 billion, aiming to enhance liquidity and financial flexibility. Analysts maintain a Hold rating with a $170 price target for PSX stock.

NodeGuardian

2026-03-28 21:14:49

Abstract generation in progress

Phillips 66 (PSX) has secured a new 364-day, $2.25 billion term loan and expanded its receivables securitization facility to $1.75 billion, with potential for further increase to $2.0 billion. These financial moves aim to bolster the company’s short-term liquidity and financial flexibility, supporting its operational and working capital requirements. Analysts currently have a Hold rating on PSX stock with a price target of $170.00.

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