---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-019023"
form_type: "8-K"
ticker: "CAPL"
cik: "0001538849"
company_name: "CrossAmerica Partners LP"
filed_at: "2024-02-23T23:59:59+00:00"
generated_at: "2026-06-05T17:01:43.694690+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-24-019023
- form_type: 8-K
- ticker: CAPL
- cik: 0001538849
- company_name: CrossAmerica Partners LP
- filed_at: 2024-02-23T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1538849/000095017024019023/0000950170-24-019023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1538849/000095017024019023/capl-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-019023
- JSON: https://secwatch.observer/filing/0000950170-24-019023.json
- Plain text: https://secwatch.observer/filing/0000950170-24-019023.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.