debt
confidence high
sentiment neutral
materiality 0.75
Sunoco LP amends credit facility; $2.65B bridge debt and $3.4B backstop debt authorized for Parkland deal
Sunoco LP
- LC sublimit increased to $250M; amendment permits $2.65B Parkland Acquisition Bridge Debt and $3.4B Backstop Bridge Debt.
- $1.50B of prior debt financing commitments from Barclays Bank PLC and Royal Bank of Canada were terminated.
- Parkland and its subsidiaries excluded from guarantee obligations where not permitted under existing debt or would cause material adverse tax consequences.
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