Deal Details
Follow-On Offering
Summary
Baird served as a co-manager on this offering.
About
CrossAmerica Partners LP (“CrossAmerica” or the “Partnership”) (NYSE: CAPL) recently completed a follow-on offering of 4,600,000 common units at a price of $31.45 per unit, generating gross proceeds of approximately $144.7 million. The Partnership intends to use the proceeds from the offering to reduce outstanding borrowings under its credit facility.CrossAmerica is a master limited partnership that engages in the wholesale and retail distribution of motor fuels, consisting of gasoline and diesel fuel, and owns and leases real estate used in the retail distribution of motor fuels. CrossAmerica is headquartered in Allentown, Pennsylvania.
For additional information about this transaction, please contact:
- Date
- June 2015
- Company
- CrossAmerica Partners, LP
- Transaction
- M&A
- Sectors
- Energy
- Target Geography
- North America
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