CrossAmerica Partners Enters into a New 925 Million Credit Facility CrossAmerica Partners NYSECAPL

CrossAmerica Partners Enters into a New 925 Million Credit Facility  CrossAmerica Partners NYSECAPL
ALLENTOWN, PA, April 3, 2023 – CrossAmerica Partners LP CAPL today announced that it entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank, N.A. (the “Amended Facility”). The Amended Facility provides borrowing capacity up to $925 million, an increase from the previous revolving credit facility capacity of $750 million. As part of the amendment and restatement, proceeds from the Amended Facility were used to repay all outstanding balances on the $200 million credit facility entered into by a subsidiary of the Partnership in 2021 to finance its acquisition of…

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