Arko corp. announces pricing of its senior unsecured notes offering

Richmond, va., oct. 14, 2021 (globe newswire) -- arko corp. (nasdaq: arko) (the “company”) today announced the pricing of its previously announced private offering of $450.0 million aggregate principal amount of 5.125% senior unsecured notes due 2029 (the “notes”). the company intends to use the net proceeds from the offering of the notes to repay in full the outstanding balance under its credit facility with ares capital corporation, repay certain existing indebtedness under its other senior secured credit facilities and for general corporate purposes. the company expects the offering of the notes to close on or around october 21, 2021, subject to customary closing conditions.
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