Sunoco reports ~85% CAD notes, ~99% USD notes tendered in Parkland exchange offers; early premium extended to Nov 4

Sunoco LP

C$1.352B (84.5%) of Parkland CAD notes and US$2.564B (98.6%) of USD notes validly tendered and not withdrawn as of Oct 20 early participation deadline.
Requisite consents obtained for all series of both CAD and USD notes to amend indentures (eliminate restrictive covenants, certain defaults, and change-of-control offer).
Sunoco extended the early participation premium (C$50/US$50 per C$/US$1,000 principal) to all holders tendering by the new expiration date of Nov 4, 2025.
Exchange offers and consent solicitations are contingent on closing of Sunoco's acquisition of Parkland; conditions for majority tenders and consents satisfied.
Settlement of exchange for New Notes expected promptly after the Expiration Date, subject to closing of the Parkland Acquisition.

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