Sunoco LP (NYSE:SUN) announced strong early participation in its private exchange offers and consent solicitations for outstanding notes of Parkland Corporation, a key step in its acquisition of Parkland. As of the early participation date on October 20, 2025, the company secured tenders for C$1,352,346,000 in aggregate principal amount of Canadian dollar denominated notes, representing approximately 84.5% of the total outstanding amount.
Additionally, US$2,564,002,000 in aggregate principal amount of U.S. dollar denominated notes were tendered, accounting for approximately 98.6% of their total outstanding amount. Sunoco also received the necessary consents from eligible holders of each series of notes to amend the related indentures. The company extended the early participation exchange consideration deadline to the expiration date of November 4, 2025, at 5:00 p.m. New York City time, meaning the consideration offered will remain uniform throughout the tender period.
