---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-112135"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T17:19:00.935952+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sunoco to acquire Parkland in $9.1B cash-and-stock deal; 25% premium, 10%+ accretion expected

## Summary
- Transaction valued at $9.1B including assumed debt; implied 25% premium for Parkland shareholders.
- Consideration: 0.295 SUNCorp units and C$19.80 per share; alternative C$44 cash or 0.536 units, subject to proration.
- $2.65B bridge loan secured; expected close in H2 2025 subject to shareholder and regulatory approvals.
- Deal expected to be 10%+ accretive to distributable cash flow per unit; $250M run-rate synergies by Year 3.
- Sunoco commits to maintaining Canadian HQ in Calgary and continued investment in Parkland's Burnaby refinery.

## SEC filing metadata
- accession: 0001193125-25-112135
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312525112135/0001193125-25-112135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312525112135/d771241d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-112135
- JSON: https://secwatch.observer/filing/0001193125-25-112135.json
- Plain text: https://secwatch.observer/filing/0001193125-25-112135.txt

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