ARKO subsidiary increases real estate credit facility by $34.2M to $83.7M with M&T Bank

ARKO Corp.

GPM Investments amended credit agreement, raising real estate loans from $49.5M to $83.7M.
New $34.2M term note (Real Estate Note D) matures May 2030, amortizing 15 years, at SOFR+2.25%.
Existing real estate loans now also bear interest at SOFR+2.25%; equipment line rate set similarly.
Third Amended and Restated Master Covenant Agreement conforms to new terms; existing covenants unchanged.
Borrower paid a 1% commitment fee ($342k) on the new note and all administrative expenses.

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