{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-22-004964","form_type":"8-K","ticker":"CAPL","cik":"0001538849","company_name":"CrossAmerica Partners LP","filed_at":"2022-03-30T23:59:59+00:00","discovered_at":"2026-05-14T18:04:06.917233+00:00","generated_at":"2026-06-26T13:27:05.943147+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"CrossAmerica Partners subsidiary issues $25M preferred interests to insiders; proceeds to prepay term loan","bullets":["Issued $25M of 9% cumulative preferred membership interests in CAPL JKM Holdings LLC to affiliates of Chairman Joseph V. Topper Jr. and Vice Chairman John B. Reilly III.","Preferred interests are exchangeable at $23.74 per common unit (115% of 20-day VWAP) or cash, at holder's option, subject to conditions.","Net proceeds will prepay outstanding borrowings under the CAPL JKM Partners LLC Term Loan Credit Facility used for the 7-Eleven acquisition.","Conflicts committee of the GP board approved the transaction; preferred return accrues until October 2026, then payable in cash quarterly."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-22-004964","json":"https://secwatch.observer/filing/0000950170-22-004964.json","markdown":"https://secwatch.observer/filing/0000950170-22-004964.md","text":"https://secwatch.observer/filing/0000950170-22-004964.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1538849/000095017022004964/0000950170-22-004964-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1538849/000095017022004964/capl-20220329.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-26T13:27:05.943147+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}