---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-113057"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T11:45:04.761003+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Sunoco agrees to acquire Parkland Corporation for CAD$19.80 cash + 0.295 SUNCorp units per share

## Summary
- Per Parkland share: CAD$19.80 cash + 0.295 SUNCorp units; alternative all-cash or all-stock options subject to proration.
- Commitment letters for $7.55B debt financing from Barclays and RBC to fund cash consideration and refinancings.
- Mutual termination fees of CAD$275 million payable under specified circumstances, including superior proposal or regulatory delay.
- Voting agreements with Parkland directors and senior officers to vote in favor of the arrangement; dissent rights limited.
- SUNCorp units to list on NYSE; closing target Feb 4, 2026 subject to approvals.

## SEC filing metadata
- accession: 0001193125-25-113057
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312525113057/0001193125-25-113057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312525113057/d802854d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-113057
- JSON: https://secwatch.observer/filing/0001193125-25-113057.json
- Plain text: https://secwatch.observer/filing/0001193125-25-113057.txt

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