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CINCINNATI — Phillips Edison & Co. has completed a $118 million secured revolving credit facility. Bank of America Securities was the lead arranger, and Bank of America, N.A. was the administrative agent. The credit facility is secured by 22 properties and has a 3-year term with two 1-year extension options. As a result of the financing, Phillips Edison, which focuses on investing in grocery-anchored shopping centers with value-creation opportunities, has no meaningful debt maturities until 2011.