Parkland Corporation Commences Consent Solicitations for Senior Notes Amid Sunoco Acquisition
Parkland Corporation's Strategic Consent Solicitations
Parkland Corporation, listed on the Toronto Stock Exchange under the ticker PKI, has recently kicked off consent solicitations that are set to reshape its financial landscape as it moves forward with a major acquisition. On May 27, 2025, Parkland announced its intention to amend the indentures governing specific series of its senior notes in connection with the planned acquisition of Sunoco LP, announced earlier on May 5, 2025.
What Are Consent Solicitations?
Consent solicitations are formal requests made by a corporation to its bondholders to approve proposed changes to the terms of their existing debt agreements. In this case, Parkland is seeking to secure consent from holders of its US dollar and Canadian dollar-denominated notes. This initiative is crucial as it aligns with the strategic goals of Parkland amid the transformative transaction with Sunoco.
The Proposed Changes
The consent solicitations involve the amendment of certain regulations under the indentures that pertain to various series of outstanding notes. Specifically, Parkland aims to:
1. Eliminate the obligation to conduct a
Topics Other）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.