secwatch.observer — SEC 8-K summary
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Issuer:     CrossAmerica Partners LP (CAPL)
CIK:        0001538849
Form:       8-K
Filed at:   2024-02-23T23:59:59+00:00
Accession:  0000950170-24-019023
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024019023/0000950170-24-019023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1538849/000095017024019023/capl-20240220.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-019023

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