Parkland increases financial credit facilities

The effective rate of interest on the updated syndicated credit facilities. It is materially unchanged and everyone other financial covenants remain an equivalent.

“We still see improvement in fuel demand and robust shop sales in most markets,” said Darren Smart, Interim-Chief treasurer. “Recognizing that the COVID-19 recovery remains dynamic. We’ve taken proactive steps to secure additional financial flexibility and to position us to require advantage of potential future growth opportunities. Exercising strict as well as capital discipline. We might wish to thank our banking group. For his or her ongoing support and partnership in our future success.”

Forward-Looking Statements

Certain statements contained during this news release constitute forward-looking information and statements (collectively, “forward-looking statements”). To spot forward-looking as well as the statements. Especially, this news release contains forward-looking statements with reference to the power to require advantage of potential future growth opportunities.

No assurance is often as long as these expectations. It will convince be correct and such forward-looking statements included. During this news release shouldn’t be unduly relied upon. Contained during this news release are expressly qualified by this cautionary statement.

Non-GAAP Financial Measures

This news release refers to certain non-GAAP financial measures. “Non-GAAP Financial Measures” of the Q1 2020 MD&A for an outline of “Credit Facility EBITDA” and “Total Funded Debt to Credit Facility EBITDA”.

About Parkland Fuel Corporation

Parkland is an independent supplier and marketer of fuel and petroleum products and the number one shop operator. This service customers across Canada, us, the Caribbean region, and therefore the Americas through three channels: Retail, Commercial and Wholesale. It optimizes its fuel supply across these three channels as well as by the operating and leveraging a growing portfolio of supply relationships and storage infrastructure. Parkland provides trusted and locally relevant fuel brands and shop offerings within the communities it serves.

 

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