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Sunoco LP Announces Results of Early Participation in Private Exchange Offers and Consent Solicitations for Outstanding Notes of Parkland Corporation and Extension of the Early Participation Exchange Consideration
Sunoco LP (NYSE: SUN) ("Sunoco") today announced that as of 5:00 p.m., New York City time, on October 20, 2025 (the "Early Participation Date"), that C$1,352,346,000 in aggregate principal amount of certain outstanding Canadian dollar denominated notes (collectively, the "PKI CAD Notes") previously issued by Parkland Corporation ("Parkland"), representing approximately 84.5% of the total outstanding principal amount of the PKI CAD Notes and at least a majority of each series of PKI CAD Notes out
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[{"type":"text","content":"DALLAS, Oct. 21, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that as of 5:00 p.m., New York City time, on October 20, 2025 (the "Early Participation Date"), that C$1,352,346,000 in aggregate principal amount of certain outstanding Canadian dollar denominated notes (collectively, the "PKI CAD Notes") previously issued by Parkland Corporation ("Parkland"), representing approximately 84.5% of the total outstanding principal amount of the PKI CAD Notes and at least a majority of each series of PKI CAD Notes outstanding, and that US$2,564,002,000 in aggregate principal amount of certain outstanding U.S. dollar denominated notes (collectively, the "PKI USD Notes" and together with the PKI CAD Notes, the "PKI Notes") previously issued by Parkland, representing approximately 98.6% of the total outstanding principal amount of the PKI USD Notes and at least a majority of each series of PKI USD Notes outstanding, have been validly tendered and not validly withdrawn (and consents thereby validly given and not validly withdrawn) in connection with its previously announced private exchange offers (collectively, the "Exchange Offers") and related consent solicitations (collectively, the "Consent Solicitations") and that the following Early Participation Exchange Consideration (as defined below) in respect of each C$1,000 principal amount of PKI CAD Notes and each US$1,000 principal amount of PKI USD Notes, respectively, if accepted for purchase is to be paid:","length":1584,"tagName":"p"},{"type":"image","alt":"Sunoco LP Logo (PRNewsfoto/Sunoco LP)","displaySize":"","headline":null,"caption":"Sunoco LP Logo (PRNewsfoto/Sunoco LP)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":56,"url":"https://media.zenfs.com/en/prnewswire.com/a18822e479144e6af359140e8668c91a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/VP4rT_mz5PPpNJZOZK9KgA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTk5O2NmPXdlYnA-/https://media.zenfs.com/en/prnewswire.com/a18822e479144e6af359140e8668c91a","width":400,"height":56}},"href":"https://mma.prnewswire.com/media/1213649/Sunoco_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"table","headerItems":[],"items":[{"val":[{"colspan":"1","rowspan":"1","style":"PADDING-RIGHT:0.17...