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.