CrossAmerica Partners entered into a Second Amendment to its Amended and Restated Credit Agreement to extend the facility’s maturity to July 15, 2031. The amendment also removes the SOFR credit spread adjustment and revises the financial covenant, requiring a maximum Consolidated Leverage Ratio of 5.00x through September 30, 2027, and 4.75x from December 31, 2027 onward. All other terms of the Credit Agreement remain unchanged, enhancing the partnership’s financial flexibility and visibility.
Agreement details:
- Agreement type: Second Amendment to Amended and Restated Credit Agreement
- Counterparty: Citizens Bank, as Administrative Agent, and other lenders
- Signed / Effective: Jul 15 2026 / same
- Duration / Termination: Through Jul 15 2031
- Reason: Extend maturity, remove SOFR spread adjustment, update leverage covenant
Original SEC Filing:
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