---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-244314"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:01:36.388967+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- C$1.352B (84.5%) of Parkland CAD notes and US$2.564B (98.6%) of USD notes validly tendered and not withdrawn as of Oct 20 early participation deadline.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.

## SEC filing metadata
- accession: 0001193125-25-244314
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312525244314/0001193125-25-244314-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312525244314/d31482d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-244314
- JSON: https://secwatch.observer/filing/0001193125-25-244314.json
- Plain text: https://secwatch.observer/filing/0001193125-25-244314.txt

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