Sunoco LP Announces Commencement of Private Exchange Offers and Consent Solicitations for Outstanding Notes of Parkland Corporation

DALLAS, Oct. 6, 2025 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced the commencement of private offers by Sunoco to all Eligible Holders (as defined below) to exchange (each an "Exchange Offer" and collectively, the "Exchange Offers") Canadian dollar denominated notes (collectively, the "PKI CAD Notes") and U.S. dollar denominated notes (collectively, the "PKI USD Notes" and together with the PKI CAD Notes, the "PKI Notes") previously issued by Parkland Corporation ("Parkland") listed in the tables below, pursuant to the terms and subject to the conditions set forth in a confidential exchange offer memorandum and consent solicitation statement for the PKI CAD Notes, dated as of October 6, 2025 (the "CAD Exchange Offer Memorandum"), and a confidential exchange offer memorandum and consent solicitation statement for the PKI USD Notes, dated as of October 6, 2025 (the "USD Exchange Offer Memorandum", and together with the CAD Exchange Offer Memorandum, each an "Exchange Offer Memorandum," and collectively, the "Exchange Offer Memoranda"). The interest rate, interest payment dates, maturity date and redemption terms of each series of new notes to be issued by Sunoco in the Exchange Offers (the "New Notes") will be substantially identical as those of the corresponding series of PKI Notes to be exchanged.

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