---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-274434"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-11-10T23:59:59+00:00"
generated_at: "2026-05-16T22:22:14.342327+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-274434
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-11-10T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312525274434/0001193125-25-274434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312525274434/d73405d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-274434
- JSON: https://secwatch.observer/filing/0001193125-25-274434.json
- Plain text: https://secwatch.observer/filing/0001193125-25-274434.txt

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