Parkland Corporation Executes Supplemental Indentures Following Sunoco Acquisition Agreement

Reuters

2025/06/21

Parkland Corporation Executes Supplemental Indentures Following Sunoco Acquisition Agreement

Parkland Corporation (TSX: PKI) announced on June 20, 2025, the execution of supplemental indentures related to their senior notes, following the successful completion of consent solicitations. These amendments are in connection with Parkland's definitive agreement, announced on May 5, 2025, whereby Sunoco LP will acquire all issued and outstanding common shares of Parkland. The supplemental indentures, effective upon execution, amend the existing indentures by eliminating Parkland's obligation to make a "Change of Control Offer" due to the transaction and redefine "Change of Control" to recognize Sunoco and its affiliates as "Qualified Owners" of Parkland. These changes are binding on all note holders, even those who did not consent before the expiration date. However, these amendments will not take effect if the transaction is not finalized or if the applicable consent fees are not paid.

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: C4854) on June 20, 2025, and is solely responsible for the information contained therein.

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These amendments are in connection with Parkland's definitive agreement, announced on May 5, 2025, whereby Sunoco LP will acquire all issued and outstanding common shares of Parkland. The supplemental indentures, effective upon execution, amend the existing indentures by eliminating Parkland's obligation to make a \"Change of Control Offer\" due to the transaction and redefine \"Change of Control\" to recognize Sunoco and its affiliates as \"Qualified Owners\" of Parkland. These changes are binding on all note holders, even those who did not consent before the expiration date. However, these amendments will not take effect if the transaction is not finalized or if the applicable consent fees are not paid.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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: C4854) on June 20, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SUN","symbol_name":"太陽石油","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250620:nNDL8DmtdB:1","article_id":"2545761103","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2545761103","pubTimestamp":1750457402,"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":"Parkland Corporation  announced on June 20, 2025, the execution of supplemental indentures related to their senior notes, following the successful completion of consent solicitations. 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