debt
confidence high
sentiment neutral
materiality 0.50
CrossAmerica extends credit facility maturity to 2031, adjusts leverage covenant
CrossAmerica Partners LP
- Maturity date extended from March 31, 2028 to July 15, 2031.
- SOFR credit spread adjustment removed from the credit agreement.
- Consolidated Leverage Ratio covenant: max 5.00x through Sept 30, 2027, then 4.75x thereafter.
- Amendment effective July 15, 2026; all other terms remain unchanged.
- Lenders include Citizens Bank, M&T, Capital One, Fifth Third, JPMorgan, MUFG, Truist, Wells Fargo, Bank of America.