Sunoco LP Amends Credit Agreement, Secures $2 Billion for Parkland Acquisition
Sunoco LP has entered into Amendment No. 3 to its Third Amended and Restated Credit Agreement as of August 8, 2025. This amendment, involving Sunoco LP, certain subsidiaries, and Bank of America, N.A. as the administrative agent, modifies the original credit agreement dated May 3, 2024. The amendment facilitates up to $2 billion in cash reserved by Sunoco to fund part of the cash consideration for the Parkland Acquisition. This financial arrangement is designed to impact the calculation of the Net Leverage Ratio under the financial maintenance covenant of the agreement. The full details of the amendment are filed as Exhibit 10.1 to the Form 8-K report.
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