Parkland to redeem 6% notes due 2026, 5 5/8% notes due 2025

By Wendy Van Sickle

Columbus, Ohio, March 29 – Parkland Corp. plans to redeem all of its outstanding $500 million of 6% senior notes due April 1, 2026 and the remaining C$200 million outstanding of its 5 5/8% senior notes due May 9, 2025 with proceeds of $800 million of new 4½% senior notes due 2029, according to a news release.

The 2026 notes will be redeemed on April 14 and the 2025 notes on May 10.

The fuel retailing company is based in Calgary, Alta.

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