Parkland Announces $600 Million Offering of Senior
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES
CALGARY, Alberta, June 02, 2021 (GLOBE NEWSWIRE) — Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX:PKI) announced today that it has entered into an underwriting agreement to sell at par, pursuant to a private placement (the “Offering”), $600 million aggregate principal amount of 3.875% Senior Unsecured Notes due June 2026 (the “Notes”). The net proceeds of the Offering will be used by Parkland to repay certain outstanding amounts borrowed under the existing revolving credit facilities and for general corporate purposes.
The Offering is being underwritten by Scotiabank, CIBC Capital Markets and RBC Capital Markets as joint bookrunners, and a syndicate of underwriters, including BMO Capital Markets and TD Securities as Co-Lead Managers, and ATB Capital Markets,…