Cahill Represents Debt Financing Sources in Connection with Anticipated Acquisition of Parkland Corporation by Sunoco LP
Date: 06/17/25
Cahill represented the debt financing sources in connection with $7.55 billion of financing commitments for the previously-announced acquisition of Parkland Corporation by Sunoco LP.
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico with an extensive network of approximately 14,000 miles of pipeline and over 100 terminals for midstream operations. Parkland Corporation is a Canadian leading international fuel distributor, marketer, and convenience retailer.
Cahill subsequently represented the lead arrangers in connection amendments to Sunoco LP’s existing credit agreement to, among other things, increase the commitments thereunder from $1.5 billion to $2.455 billion, upon and subject to Sunoco’s acquisition of Parkland.
Cahill also represented the solicitation agents in connection with consent solicitations relating to multiple series of notes issued by Parkland Corporation.