secwatch / observer
8-K filed May 8, 2023, 7:59 PM ET ticker ARKO CIK 0001823794
debt confidence high sentiment positive materiality 0.65

ARKO amends Oak Street program to $1.5B capacity and extends Capital One line to $800M

ARKO Corp.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ARKO Corp. amended Second Amended and Restated Credit Agreement with Capital One, National Association valued at increase the availability under the Capital One Line of Credit from $500 million to $800 million (effective 2023-05-05).

Action
amendment
Agreement
credit facility
Counterparty
Capital One, National Association
Value
increase the availability under the Capital One Line of Credit from $500 million to $800 million
Effective
2023-05-05
Exact text from the filing
On May 5, 2023, the Company’s subsidiary, GPM Petroleum LP, a Delaware limited partnership (“ GPMP ”), together with certain of its subsidiaries, Capital One, National Association, as administrative agent, and the lenders party thereto. entered into a second amended and restated credit agreement (the “ Second A&R Capital One Credit Agreement ”), amending and restating that certain amended and restated revolving credit agreement, dated July 15, 2019 (as amended, the “ A&R Capital One Credit Agreement ”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ARKO Corp. amended Standby Real Estate Purchase, Designation and Lease Program Agreement with Oak Street Real Estate Capital, LLC valued at up to $1.50 billion of capacity (effective 2023-05-02).

Action
amendment
Agreement
lease
Counterparty
Oak Street Real Estate Capital, LLC
Value
up to $1.50 billion of capacity
Effective
2023-05-02
Exact text from the filing
On May 2, 2023, GPM and Oak Street, entered into a third amendment to the Program Agreement (the “ Third Amendment ”), which, among other things, (i) extended the term of the Program Agreement and Oak Street’s exclusivity thereunder through September 30, 2024 (the “ Exclusivity Period ”) and (ii) provides for up to $1.50 billion of capacity under the Program Agreement during the period beginning May 2, 2023 through the expiration of the Exclusivity Period, exclusive of the Company’s pending acquisition of certain assets of WTG Fuels Holdings, LLC.
View on SEC.gov

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ARKO Corp. filing history →

Source: SEC EDGAR
accession 0000950170-23-018465
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