Parkland Fuel to repay $250 million term loan, revolver borrowings

By Rebecca Melvin

New York, June 24 – Parkland Fuel Corp. plans to repay in full its $250 million term loan facility due 2021 and some outstanding amounts borrowed under its existing revolving credit facilities with proceeds of a planned offering of senior notes, the company said in a news release.

The Rule 144A and Regulation S deal is expected to be $500 million in size.

The Calgary, Alta.-based company markets fuel and petroleum products.

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