Sunoco LP Announces Expected Closing Date for Acquisition of Parkland Corporation and NYSE Listing Information for SunocoCorp LLC ("SUNC")

Executive Summary

• Sunoco LP announced that its pending acquisition of Parkland Corporation is expected to close on October 31, 2025, subject to customary closing conditions.
• The newly created SunocoCorp LLC units to be issued to Parkland shareholders will begin trading on the New York Stock Exchange under ticker “SUNC” on November 3, 2025.
• Upon closing, SunocoCorp will hold an approximate 27% limited‑partner interest in Sunoco LP’s outstanding common units.

Key Details

• Closing Date: Expected October 31, 2025 (subject to satisfaction or waiver of customary conditions).
• NYSE Listing: SunocoCorp LLC Common Units to commence trading on NYSE ticker “SUNC” on November 3, 2025.
• Equity Ownership Post‑Transaction: SunocoCorp will own ~27% limited‑partner interest in Sunoco LP’s common units (calculated based on total publicly‑traded units as of June 30, 2025 plus newly issued Class D units).
• Transaction Structure: Acquisition of Parkland Corporation (TSX: PKI) by Sunoco; issuance of SunocoCorp LLC units to Parkland shareholders as consideration.
• Regulatory/Closing Conditions: Transaction subject to customary closing conditions and any required waivers.

Notable Quotes

(No direct quotes were provided in the release.)