CALGARY, AB, August 12, 2024 — Parkland Corporation has announced the pricing of its previously slated private offering of $500 million in senior unsecured notes due in 2032, issued at par with a fixed interest rate of 6.625% per annum.
The company plans to utilize the net proceeds from this offering to repay a portion of its outstanding credit facility drawings.
This announcement does not constitute an offer to sell or solicit offers to buy securities, nor will there be any sale of the notes in jurisdictions where such actions may be deemed unlawful.
The notes have not been registered under the Securities Act or similar state securities laws, and may only be offered in the United States under exemptions from the registration requirements of the Securities Act. These notes will exclusively be offered to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933, and outside of the United States pursuant to Regulation S. Furthermore, the notes have not been and will not be qualified for public distribution under applicable Canadian securities laws. Therefore, sales in Canada are limited to accredited investors under specific prospectus exemptions.
Forward-Looking Statements
Certain statements in this announcement are forward-looking, based on current expectations regarding the closing of the offering and the intended use of proceeds. Forward-looking statements inherently involve risks and uncertainties that may cause actual results to differ materially from those anticipated.
Forward-looking statements are made as of the date of this announcement, and the corporation does not commit to publicly updating or revising any forward-looking statements to reflect new information or developments, as required by law. These statements are subject to important disclaimers.
