Financing ·
On July 15, 2026, CrossAmerica Partners LP and its subsidiary, Lehigh Gas Wholesale Services, Inc., amended their…
CAPLCrossAmerica Partners LP
On July 15, 2026, CrossAmerica Partners LP and its subsidiary, Lehigh Gas Wholesale Services, Inc., amended their Credit Agreement with Citizens Bank, N.A. The amendment extends the maturity date from March 31, 2028, to July 15, 2031, and removes the SOFR credit spread adjustment. It also updates the Consolidated Leverage Ratio financial covenant to a maximum of 5.00 to 1.00 for quarters ending June 30, 2026, through September 30, 2027, and a maximum of 4.75 to 1.00 for quarters ending December 31, 2027, and thereafter. The company operates in the energy infrastructure industry, focusing on the gathering, processing, and transportation of natural gas and crude oil.