m_and_a
confidence high
sentiment positive
materiality 0.55
Parkland launches consent solicitation to amend indentures for Sunoco acquisition; Sunoco to reimburse costs
Sunoco LP
- Parkland commenced consent solicitation to amend indentures for its 5.875%-6.625% Senior Notes due 2027-2032.
- Amendments eliminate change-of-control offer triggered by Sunoco acquisition and define Sunoco as a qualified owner.
- Sunoco agrees to reimburse Parkland for consent fees and out-of-pocket costs incurred in the solicitation.
- The consent solicitation is part of the previously announced May 4, 2025 acquisition of Parkland by Sunoco.
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