Casey's closes Fikes acquisition (198 stores, $850M term loan); Q2 fuel margin ~40¢/gal

CASEYS GENERAL STORES INC

Closed Fikes/CEFCO acquisition on Nov 1; adds 148 stores in Texas and 50 in AL, FL, MS, bringing total to ~2,900 stores.
Acquisition funded through $850M incremental term loan under amended credit agreement; loan matures Oct 30, 2029.
Expected Q2 fuel margin (quarter ended Oct 31) approximately 40 cents per gallon.
CEO describes acquisition as largest in Casey's history and highly strategic for Texas market expansion.

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