CrossAmerica Partners LP (NYSE:CAPL) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement
issued a press release announcing the closing of its previously
announced transaction with a leading institutional real estate
investor for the sale and leaseback of properties acquired as
part of the State Oil acquisition for net proceeds of
approximately $25 million.
Exhibit 99.1 is being furnished to the Securities and Exchange
Commission and shall not be deemed to be filed for purposes of
Section 18 of the Exchange Act.
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Exhibit No.
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Description
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99.1
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Press Release dated December 22, 2016, regarding the
closing of sale-leaseback transaction |
About CrossAmerica Partners LP (NYSE:CAPL)
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The Company’s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee, Virginia, Illinois, Indiana and West Virginia. The Company also distributes motor fuel in Georgia and North Carolina. It distributes motor fuels at approximately 1,100 sites located in over 20 states. In addition, the Company, through One Stop convenience stores network, owns over 40 stores in Charleston, West Virginia. The Company purchases branded and unbranded motor fuel from integrated oil companies, refiners and unbranded fuel suppliers. It owns or leases and operates convenience stores and retains all profits from motor fuel and convenience store operations. CrossAmerica Partners LP (NYSE:CAPL) Recent Trading Information
CrossAmerica Partners LP (NYSE:CAPL) closed its last trading session 00.00 at 25.23 with 27,237 shares trading hands.
