other material
confidence high
sentiment neutral
materiality 0.75
ARKO subsidiary APC completes IPO of 11.1M shares; ARKO retains 75.9% economic interest
ARKO Corp.
- ARKO Corp. subsidiary ARKO Petroleum Corp. (APC) closed IPO of 11,111,111 shares of Class A common stock on Feb 13, 2026.
- ARKO indirectly owns 35,000,000 shares of APC Class B common stock, representing 75.9% of economic interest and 94.0% of voting power.
- ARKO entered into management services, tax matters, fuel distribution, omnibus, employee, and registration rights agreements with APC.
- GPM PNC credit facility reduced from $140M to $56M; new APC PNC facility of $84M established; M&T credit agreement restructured.
- APC subsidiaries issued ~$14.9M in subordinated intercompany notes to GPM; 15-year term mirroring prior debt.