Arko Corporation Subsidiary GPM Investments Secures $34.2 Million Increase in Real Estate Loans Under Amended Credit Agreement with M&T Bank

Reuters
05-16
Arko Corporation Subsidiary GPM Investments Secures $34.2 Million Increase in Real Estate Loans Under Amended Credit Agreement with M&T Bank

Arko Corporation's wholly-owned subsidiary, GPM Investments, LLC, has entered into significant amendments with M&T Bank concerning its financial agreements. On May 13, 2025, GPM finalized an Amendment to the Third Amended and Restated Credit Agreement, increasing the total principal amount of its real estate loans from $49.5 million to $83.7 million. These loans, secured by acquired real properties, are set to mature in May 2030 and will bear interest at SOFR plus 2.25%. Additionally, the company has revised its Master Covenant Agreement with M&T Bank to align with the updated credit terms and introduce minor changes. This strategic financial maneuver is designed to enhance GPM's real estate investments while maintaining favorable borrowing terms.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Arko Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-072723), on May 15, 2025, and is solely responsible for the information contained therein.

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