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Phillips Edison Grocery Center REIT II opts for fixed rate on $243M loan

Phillips EdisonGrocery Center REIT II Inc. agreed to a fixed interest rate on $243million of debt under its unsecured term-loan credit facility.

The company signed interest-rate swap agreements July 7 to convertthe floating rates of the facility'sfirst term-loan tranche to a fixed interest rate of 2.24% through July 2019 andthe second term-loan tranche to a fixed interest rate of 2.31% through June 2020.