CrossAmerica Partners to acquire 59 Applegreen sites for $16.9M; amends credit facility

CrossAmerica Partners LP

Agreement to acquire assets from Applegreen Midwest and Applegreen Florida via lease termination at 59 locations for $16.9M.
Partnership will also acquire the inventory at the locations for cash.
Credit agreement amendment permits addback of up to $15M in lease termination expenses to EBITDA.
Amendment effective upon closing of at least one transaction under the Applegreen Purchase Agreement.
Closing expected in Q1/Q2 2024, subject to customary conditions.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.