CrossAmerica Partners LP - Unit

-0.74 (-3.63%)
Debt Financing / Related, Mergers / Acquisitions

Crossamerica Announces Pending Acquisition Of Assets Of Community Service Stations

Published: 08/24/2022 20:31 GMT
(CAPL) - Crossamerica Announces Pending Acquisition of Assets of Community Service Stations.
Terms of Transaction Were Approved by Board of Directors of General Partner of Crossamerica.
To Acquire Wholesale Fuel Supply Portfolio in Greater Boston Area.
Supply Contracts Include Approximately 75 Million Gallons of Fuel Annually.
Crossamerica Partners-anticipated That Acquisition Will Be Financed With Cash on Hand And/or Undrawn Capacity Under Co's Revolving Credit Facility.