Parkland Corporation Successfully Completes Consent Solicitations for Sunoco Acquisition

Reuters
06/10
Parkland Corporation Successfully Completes Consent Solicitations for Sunoco Acquisition

Parkland Corporation has announced the successful completion of consent solicitations for senior notes in connection with its acquisition by Sunoco LP. The transaction, first announced on May 5, 2025, involves Sunoco acquiring all issued and outstanding common shares of Parkland. The consent solicitations have allowed Parkland to amend the indentures governing its senior notes to eliminate the potential obligation to make a "Change of Control Offer" and redefine "Change of Control" to include Sunoco and its affiliates as "Qualified Owners." The solicitations expired on June 9, 2025, and supplemental indentures will be executed but will only become operative if the transaction is consummated and consent fees are paid. Parkland will distribute consent fees to note holders who provided valid consents prior to the expiration date.

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 CNW (Ref. ID: C9405) on June 10, 2025, and is solely responsible for the information contained therein.

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