Watch PARKLAND ANNOUNCES US$500 MILLION OFFERING OF SENIOR UNSECURED NOTES US500 News News

CALGARY, AB, Aug. 12, 2024 /PRNewscord/ – Parkland Corporation (“Parkland”, “we”, the “Company”, or “our”) (TSX: PKI) introduced as of late that, topic to marketplace and different stipulations, it plans to begin a personal providing of US$500 million mixture fundamental quantity of senior unsecured notes due 2032.

Parkland intends to make use of the online proceeds of the providing for the compensation of a portion of the exceptional drawings underneath its credit score amenities.

Consummation of the providing is topic to marketplace and different stipulations, and there can also be no assurance that Parkland will be capable to effectively entire the providing at the phrases described above, or in any respect.

This information free up shall no longer represent an be offering to promote or the solicitation of an be offering to shop for any securities, nor shall there be any be offering or sale of the notes in any state, or jurisdiction wherein such be offering, solicitation, or sale could be illegal.

The notes have no longer been registered underneath the Securities Act or any state securities rules, and until so registered, might not be presented or bought in the United States except for pursuant to an exemption from, or in a transaction no longer topic to, the registration necessities of the Securities Act and acceptable state securities rules. The notes will probably be presented and bought best to individuals rather believed to be certified institutional patrons pursuant to Rule 144A underneath the U.S. Securities Act of 1933, as amended (the “Securities Act”) and is also presented and bought out of doors the United States pursuant to Regulation S underneath the Securities Act.  In addition, the notes have no longer been and might not be certified for distribution to the general public underneath acceptable Canadian securities rules and, accordingly, any be offering and sale of the notes in Canada will probably be made on a foundation which is exempt from the prospectus necessities of such securities rules. The notes will probably be presented and bought in Canada on a personal placement foundation best to “accredited investors” pursuant to sure prospectus exemptions.

Forward-Looking Statements

Certain statements on this announcement are forward-looking statements in keeping with present expectancies, together with the dimensions and phrases of the providing and using proceeds from the providing if and when commenced and closed. By their nature, forward-looking statements require us to make assumptions and are topic to vital recognized and unknown dangers and uncertainties, which might reason our exact leads to long run sessions to range materially from the ones set forth within the forward-looking statements.

Any forward-looking statements are made as of the date hereof and Parkland does no longer adopt any legal responsibility, except for as required underneath acceptable regulation, to publicly replace or revise such statements to mirror new data, next or in a different way. The forward-looking statements contained on this press free up are expressly certified through this cautionary remark.

SOURCE Parkland Corporation

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