Justin Jenkins

Ned Baramov

Noah Katz

Spiro Dounis

Theresa Chen

Charles Douglas Bryant

Gabriel Moreen

Jeremy Tonet

- Sunoco LP announced that its acquisition of Parkland Corporation is expected to close on **October 31, 2025**, pending the satisfaction or waiver of customary closing conditions.  **[1552275_0001193125-25-250783_d22634dex991.htm:0]** **[1552275_0001193125-25-250783_d22634d8k.htm:1]** 
- Common Units of SunocoCorp LLC, which will be issued to Parkland shareholders in connection with the transaction, are anticipated to begin trading on the New York Stock Exchange under the ticker symbol **"SUNC"** on **November 3, 2025**.  **[1552275_0001193125-25-250783_d22634dex991.htm:0]** **[1552275_0001193125-25-250783_d22634d8k.htm:1]** 
- Following the closing of the transaction, SunocoCorp is projected to hold an approximate **27% limited partner interest** in Sunoco LP's outstanding common units.  **[1552275_0001193125-25-250783_d22634dex991.htm:0]**

Sunoco LP Announces Expected Closing Date for Parkland Corporation Acquisition and SunocoCorp NYSE Listing

- Sunoco LP's proposed acquisition of Parkland Corporation is expected to close on **October 31, 2025**.  **[1552275_20251027DA07093:0]** 
- The Common Units of SunocoCorp LLC are anticipated to begin trading on the New York Stock Exchange under the ticker symbol "**SUNC**" on **November 3, 2025**.  **[1552275_20251027DA07093:0]** 
- Following the transaction's closing, SunocoCorp will hold an approximate **27% limited partner interest** in Sunoco LP's outstanding common units.  **[1552275_20251027DA07093:0]**

Sunoco LP Announces Expected Closing Date for Parkland Acquisition and SunocoCorp Listing

- Sunoco LP announced the results of early participation in its private exchange offers and consent solicitations for **Parkland Corporation's outstanding notes**.  **[1552275_0001193125-25-244314_d31482dex991.htm:0]** 
- As of **October 20, 2025**, **C$1,352,346,000** (approximately **84.5%**) of PKI CAD Notes and **US$2,564,002,000** (approximately **98.6%**) of PKI USD Notes have been validly tendered.  **[1552275_0001193125-25-244314_d31482dex991.htm:0]** **[1552275_0001193125-25-244314_d31482d8k.htm:1]** 
- The company has received the **requisite consents** from eligible holders to amend each series of PKI Notes and their related indentures.  **[1552275_0001193125-25-244314_d31482d8k.htm:1]** **[1552275_0001193125-25-244314_d31482dex991.htm:2]** 
- The deadline for the **early participation exchange consideration** has been extended to the **Expiration Date of November 4, 2025**, ensuring the same consideration for all valid tenders until that date.  **[1552275_0001193125-25-244314_d31482d8k.htm:1]** **[1552275_0001193125-25-244314_d31482dex991.htm:2]** 
- The exchange offers and consent solicitations remain contingent upon the **completion of the Parkland Acquisition**.  **[1552275_0001193125-25-244314_d31482dex991.htm:3]**

Sunoco LP Announces Early Participation Results for Parkland Notes Exchange Offers

- Sunoco LP announced a **cash distribution of $0.9202 per common unit** for the quarter ended September 30, 2025, which annualizes to **$3.6808**.  **[1552275_0001552275-25-000075_ex991-sundistributionannou.htm:0]** **[1552275_0001552275-25-000075_sun-20251020.htm:1]** **[1552275_0001552275-25-000075_sun-20251020.htm:2]** 
- This distribution represents an increase of approximately **1.25%**, or **$0.0114 per common unit**, compared to the prior quarter, marking the **fourth consecutive quarterly increase**.  **[1552275_0001552275-25-000075_ex991-sundistributionannou.htm:0]** 
- The company continues to target a **2025 distribution growth rate of at least 5%**.  **[1552275_0001552275-25-000075_ex991-sundistributionannou.htm:0]** 
- The distribution will be paid on **November 19, 2025**, to common unitholders of record as of **October 30, 2025**.  **[1552275_0001552275-25-000075_ex991-sundistributionannou.htm:0]** **[1552275_0001552275-25-000075_sun-20251020.htm:2]**

Sunoco LP Announces Q3 2025 Distribution Increase

- **Sunoco LP** declared a quarterly distribution of **$0.9202 per common unit** for the quarter ended **September 30, 2025**, which is an increase of approximately **1.25%** from the prior quarter and represents an annualized distribution of **$3.6808**.  **[1552275_20251020DA02579:0]** 
- This marks the **fourth consecutive quarterly increase** and aligns with the Partnership's **2025 business outlook** to achieve an annual distribution growth rate of **at least 5%**.  **[1552275_20251020DA02579:0]** 
- Since 2022, Sunoco LP has increased distributions by approximately **11%**.  **[1552275_20251020DA02579:0]** 
- The distribution is payable on **November 19, 2025**, to unitholders of record as of **October 30, 2025**.  **[1552275_20251020DA02579:0]**

Sunoco LP Announces Quarterly Distribution Increase

- **Sunoco LP** and **Parkland Corporation** have received approval from the Government of Canada for their previously announced proposed acquisition, in accordance with the terms of the Investment Canada Act.  **[1552275_20251014DA97035:0]** 
- The **transaction is expected to close in the fourth quarter of 2025**, subject to obtaining certain remaining regulatory approvals and the satisfaction or waiver of customary closing conditions.  **[1552275_20251014DA97035:0]**

Sunoco LP and Parkland Corporation Receive Investment Canada Act Approval

- Sunoco LP announced the commencement of **private exchange offers** for outstanding Canadian and U.S. dollar denominated notes previously issued by Parkland Corporation, offering new Sunoco notes with substantially identical terms.  **[1552275_0001193125-25-231024_d78128dex991.htm:0]** **[1552275_0001193125-25-231024_d78128dex991.htm:0]** **[1552275_0001193125-25-231024_d78128dex991.htm:1]** **[1552275_0001193125-25-231024_d78128d8k.htm:3]** **[1552275_0001193125-25-231024_d78128dex991.htm:3]** 
- Concurrently, Sunoco is soliciting consents to **amend the indentures** governing the Parkland notes, aiming to eliminate restrictive covenants, certain events of default, financial reporting covenants, and change of control purchase offers.  **[1552275_0001193125-25-231024_d78128dex991.htm:2]** **[1552275_0001193125-25-231024_d78128d8k.htm:3]** 
- The **Early Participation Date is October 20, 2025**, for holders to receive greater consideration, including a cash payment and an early participation premium, with the offers set to expire on **November 4, 2025**.  **[1552275_0001193125-25-231024_d78128dex991.htm:2]** **[1552275_0001193125-25-231024_d78128d8k.htm:3]** **[1552275_0001193125-25-231024_d78128dex991.htm:3]** 
- These exchange offers and consent solicitations are **conditional upon the completion of Sunoco's acquisition of Parkland Corporation**.  **[1552275_0001193125-25-231024_d78128dex991.htm:4]** 
- On October 3, 2025, Sunoco also entered into an **Amendment No. 4 to its Third Amended and Restated Credit Agreement** to permit the issuance of the new notes and the guaranty of any outstanding Parkland notes.  **[1552275_0001193125-25-231024_d78128dex101.htm:0]** **[1552275_0001193125-25-231024_d78128d8k.htm:1]**

Sunoco LP Commences Private Exchange Offers for Parkland Corporation Notes and Amends Credit Agreement

- Sunoco LP has commenced private offers to exchange **Canadian dollar and U.S. dollar denominated notes** previously issued by Parkland Corporation, totaling **C$1.6 billion** and **US$2.6 billion** respectively.  **[1552275_20251006DA90867:0]** **[1552275_20251006DA90867:1]** 
- Holders tendering notes by the **Early Participation Date of October 20, 2025**, will receive **Early Participation Exchange Consideration**, which includes a **C$2.50 or US$2.50 cash payment** and a **C$50.00 or US$50.00 early participation premium**.  **[1552275_20251006DA90867:2]** **[1552275_20251006DA90867:3]** 
- Concurrently, Sunoco is soliciting consents to amend the indentures governing the Parkland notes, aiming to eliminate most restrictive covenants, certain events of default, financial reporting covenants, and change of control offers.  **[1552275_20251006DA90867:2]** 
- These exchange offers and consent solicitations are contingent upon the **completion of Sunoco's acquisition of all outstanding common shares of Parkland**.  **[1552275_20251006DA90867:4]**

Sunoco LP Announces Exchange Offers and Consent Solicitations for Parkland Corporation Notes

- Sunoco LP and Parkland Corporation announced the **expiration of the waiting period** under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act).  **[1552275_0001193125-25-211323_d20317dex991.htm:0]** 
- The HSR Act waiting period expired on **September 19, 2025**, at 11:59 p.m. Eastern Time.  **[1552275_0001193125-25-211323_d20317d8k.htm:2]** 
- This satisfies a crucial regulatory approval for Sunoco's pending acquisition of Parkland.  **[1552275_0001193125-25-211323_d20317dex991.htm:0]** 
- The acquisition is expected to close in the **fourth quarter of 2025**, contingent on other regulatory approvals and customary closing conditions.  **[1552275_0001193125-25-211323_d20317dex991.htm:0]**

Sunoco and Parkland Announce Expiration of HSR Act Waiting Period

- **Sunoco LP** and **Parkland Corporation** announced the expiration of the waiting period under the **Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)**.  **[1552275_20250922DA79570:0]** 
- This expiration satisfies a **key regulatory approval** necessary for Sunoco's pending acquisition of Parkland.  **[1552275_20250922DA79570:0]** 
- The transaction is expected to close in the **fourth quarter of 2025**, subject to obtaining other regulatory approvals and customary closing conditions.  **[1552275_20250922DA79570:0]**

Sunoco (SUN)