Parkland Corporation Launches Consent Solicitations Amid Sunoco Acquisition Agreement

Reuters

05-27

Parkland Corporation Launches Consent Solicitations Amid Sunoco Acquisition Agreement

CALGARY, AB, May 27, 2025 - Parkland Corporation (TSX: PKI) has announced the commencement of consent solicitations to amend the indentures governing certain series of its outstanding notes. This move is in connection with a definitive agreement under which Sunoco LP will acquire the issued and outstanding common shares of Parkland. The transaction follows Parkland's previous announcement on May 5, 2025. The consent solicitations aim to eliminate Parkland's potential obligation to make a "Change of Control Offer" and to redefine "Change of Control" to include Sunoco and its affiliates as "Qualified Owners" of Parkland. The adoption of these amendments requires consent from holders of at least a majority of the aggregate outstanding principal amount of each series of notes.

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. Parkland Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CA91651) on May 27, 2025, and is solely responsible for the information contained therein.

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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. Parkland Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CA91651) on May 27, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4590","symbol_name":"PTP","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250527:nNDL1spTHZ:1","article_id":"2538466391","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538466391","pubTimestamp":1748347648,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"CALGARY, AB, May 27, 2025 - Parkland Corporation  has announced the commencement of consent solicitations to amend the indentures governing certain series of its outstanding notes. 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