Mr. Ben Brooks reports
PARKLAND ANNOUNCES US$500 MILLION OFFERING OF SENIOR UNSECURED NOTES
Parkland Fuel Corp. plans to commence a private offering of $500-million (U.S.) aggregate principal amount of senior unsecured notes due 2026. Parkland intends to use the net proceeds from the offering to repay certain outstanding amounts borrowed under its credit facility. The closing of the offering is subject to market and other conditions.
About Parkland Fuel Corp.
Parkland Fuel is Canada's largest and one of North America's fastest growing independent suppliers and marketers of fuel and petroleum products, and a leading convenience store operator. Parkland services customers through three channels: retail, commercial and wholesale. Parkland optimizes its fuel supply across these three channels by operating the Parkland Burnaby refinery, and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and convenience store offerings, including its On the Run/Marche Express banners, in the communities it serves.
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