10:55 AM EDT, 10/06/2025 (MT Newswires) -- Sunoco ( SUN ) said Monday it launched private exchange offers and consent solicitations for outstanding Canadian and US dollar-denominated notes issued by Parkland.

In connection with the exchange offers, Sunoco ( SUN ) is also seeking consents from eligible holders to amend the governing indentures for the Parkland notes, including removing substantially all restrictive covenants and certain events of default, the company said.

Sunoco ( SUN ) said it will issue new notes with interest rates, payment dates, maturities, and redemption terms that are substantially identical to those of the Parkland notes being exchanged.

The company is offering a premium for securities tendered before the early participation date of Oct. 20, with the offers set to expire on Nov. 4.

The exchange offers are subject to conditions, including the completion of Sunoco's ( SUN ) acquisition of Parkland, as well as other customary conditions, the company said.

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