debt
confidence high
sentiment positive
materiality 0.70
Sunoco LP amends credit facility: maturity extended to 2030, revolver increased to $2.46B for Parkland acquisition
Sunoco LP
- Extended revolving credit facility maturity from May 2029 to June 2030; increased commitments from $1.5B to $2.4555B upon Parkland acquisition close.
- Added ~$500M uncommitted accordion and increased swingline sublimit to $500M (split between CAD and USD borrowing).
- Parkland executed supplemental indentures removing change-of-control obligations; $3.4B of prior debt financing commitments terminated.
- Sunoco will reimburse Parkland for consent fees and documented out-of-pocket costs for the consent solicitation.
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