Phillips 66 DCP Merger Proposal
Consolidated Debt and Liquidity
$18.5 B Total Debt as of March 31, 2023
$14.7 B in available liquidity
$7.0 B Cash
$6.2 B capacity on credit facilities
$1.5 B capacity on delayed draw term agreement
Peer leading A3/BBB+ Credit Rating
Debt Maturity Profile
as of March 31, 2023
($B)
7.9
1.4
4.1
5.0
DCP Junior Subordinated Debt
DCP Credit and AR Facility
PSX Revolving Credit Facility
DCP Bonds
PSX Bonds
3.7
Total debt includes capital leases, commercial paper and is net of unamortized discounts and debt issuance costs.
$1.5 B capacity on delayed draw term loan is conditioned upon the closing of the DCP buy-in transaction
1.5
2.0
2.3
1.5
1.0
-
-
0.4
1.0
0.7
0.8
2024
2025
2026
2027
28-32
33-37
38-42
43-47
48+
PHILLIPS
27
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