Parkland Corporation Announces Successful Completion of Consent Solicitations for Senior Notes in Connection with the Sunoco Acquisition

Parkland Corporation announced that, in connection with its previously announced consent solicitations, it has received the requisite consents to amend the indentures governing the notes listed below (the "Notes") as reported by the tabulation agents and as contemplated by such consent solicitations. The consent solicitations were made in connection with Parkland's definitive agreement whereby Sunoco LP ("Sunoco") will acquire the issued and outstanding common shares of Parkland (the "Transaction"), which was previously announced on May 5, 2025. As a result, Parkland will execute amendments to the indentures governing the Notes to (collectively, the "Proposed COC Amendments"): (a) eliminate Parkland's potential obligation under such Indenture to make a "Change of Control Offer" (as defined in such Indenture) as a result of the Transaction; and.

(b) amend the defined term "Change of Control" in such Indenture to provide that Sunoco and its affiliates will be "Qualified Owners" of Parkland. The consent solicitations expired as of 5:00 p.m., Eastern Daylight Time, on June 9, 2025 (the "Expiration Date"). Parkland, the applicable Guarantors and the applicable trustee will execute supplemental indentures for each series of Notes to amend the applicable indentures as described above.

Each supplemental indenture will be effective when executed but will not become operative if the Transaction is not consummated or if the applicable consent fees are not paid to the applicable depositary or tabulation agent. Subject to the terms and conditions of the applicable consent solicitation, Parkland will pay the applicable consent fees to the applicable depositary or Tabulation agent for distribution to holders of the Notes who delivered valid and unrevoked consents prior to the Expiration Date. For each USD 1,000 principal amount of USD 1,000 principal amount the USD 1,000 principal amount.

USD 1,000 principal amount, USD 1,000 principal amountof Canadian dollar denominated notes, as applicable, USD 0.50 or CAD 0.50 of the consent fees, as applicable for each series of Notes, shall be due and payable promptly (and in any event within three business days) after the applicable Expiration Date, and USD 0.50 or CAD0.50 of the consent fees.