Parkland Corporation (TSX: PKI) announced on June 20, 2025, the execution of supplemental indentures related to their senior notes, following the successful completion of consent solicitations. These amendments are in connection with Parkland's definitive agreement, announced on May 5, 2025, whereby Sunoco LP will acquire all issued and outstanding common shares of Parkland. The supplemental indentures, effective upon execution, amend the existing indentures by eliminating Parkland's obligation to make a "Change of Control Offer" due to the transaction and redefine "Change of Control" to recognize Sunoco and its affiliates as "Qualified Owners" of Parkland. These changes are binding on all note holders, even those who did not consent before the expiration date. However, these amendments will not take effect if the transaction is not finalized or if the applicable consent fees are not paid.
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