Sunoco completes exchange offers for ~92% of CAD and ~99% of USD Parkland notes

Sunoco LP

C$1.474B of PKI CAD notes (92.2%) and US$2.579B of PKI USD notes (99.2%) validly tendered and accepted.
New Sunoco notes issued with identical interest rate, maturity, and redemption terms as corresponding PKI notes.
Parkland indentures amended to remove restrictive covenants, certain default events, and change-of-control offer.
C$125M CAD and US$20M USD of PKI notes remain outstanding, unamended, after the exchange.
Exchange settled on Nov 7, 2025; all consents obtained to amend each series of PKI notes.

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