Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
CrossAmerica Partners LP amended revolving credit of $925 million with Citizens Bank, N.A. at SOFR plus a margin ranging from 1.75% to 2.75% per annum maturing March 31, 2028.
- Instrument
- revolving credit
- Principal
- $925 million
- Counterparty
- Citizens Bank, N.A.
- Rate
- SOFR plus a margin ranging from 1.75% to 2.75% per annum
- Maturity
- March 31, 2028
- Event
- amendment
Exact text from the filing
The A&R Credit Agreement provides for an increase of the senior secured revolving credit facility from $750 million to $925 million and extends the maturity date from April 1, 2024 to March 31, 2028.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
CrossAmerica Partners LP entered into Amendment and Restatement Agreement with Citizens Bank, N.A. valued at $925,000,000 credit facility increased from $750,000,000, maturity extended to March 31, 2028 (effective 2023-03-31).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Citizens Bank, N.A.
- Value
- $925,000,000 credit facility increased from $750,000,000, maturity extended to March 31, 2028
- Effective
- 2023-03-31
Exact text from the filing
On March 31, 2023, CrossAmerica Partners LP, a publicly traded Delaware limited partnership (the “Partnership”), and its subsidiary, Lehigh Gas Wholesale Services, Inc., a Delaware corporation (together with the Partnership, the “Borrowers”), entered into an Amendment and Restatement Agreement, dated as of March 31, 2023 (the “A&R Agreement”), by and among the Borrowers, certain domestic subsidiaries of the Borrowers party thereto, as guarantors (the “Guarantors”), the lenders party thereto, and Citizens Bank, N.A., as administrative agent, swing line lender and L/C issuer (the “Agent”).
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