Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Paydowns > Headlines for Alto Palermo SA > News item |
CrossAmerica Partners draws down on revolver for asset purchase
By Wendy Van Sickle
Columbus, Ohio, April 14 – CrossAmerica Partners LP drew down on its revolving credit facility to fund its acquisition of retail and wholesale assets.
The purchase price for the assets is $36 million, exclusive of inventory and in-store cash, with approximately $21 million paid in cash and the rest paid in common units, according to a news release.
The acquisition closed on Tuesday.
CrossAmerica is a wholesale distributor of motor fuels and an owner and lessor of real estate used in the retail distribution of motor fuels.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.