Month: May 2025

VANCOUVER, BC, May 28, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces the closing of the second tranche of its previously announced secured term loan offering for an aggregate principal amount of U.S. $500,000 (collectively the “Loans“). Please refer to the Company’s news release dated May 13, 2025 for more details regarding the term loan offering.

In connection with the Loans, the Company entered into respective loan agreements with companies controlled by the CEO and a Director of the Company (the “Lenders“). Management anticipates that the Company will allocate the net proceeds from the Loans towards production costs, supplier payments, payroll and working capital.

The Loans are secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of closing (the “Closing Date“) to and including the date all of the Company’s indebtedness pursuant to the Loans is paid in full. The term of the Loans will be two years from the Closing Date.

As an inducement for the Loan, the Company issued 568,181 non-transferable share purchase warrants (each, a “Loan Bonus Warrant“) to one of the Lenders. Each Loan Bonus Warrant entitles the holder to purchase one common share of the Company (each, a “Share“) at an exercise price of U.S. $0.44 per Share for a period of twenty-four (24) months from the closing date of the Loan. In addition, two Lenders will be issued an aggregate of 113,635 Shares (each a “Loan Bonus Share“).

The Lenders are each considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101“) and each of the Loans and issuance of Loan Bonus Warrants and Loan Bonus Shares, as applicable, is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value, in each case, of the Loans, the Loan Bonus Warrants, and the Loan Bonus Shares, as applicable, is not more than 25% of the Company’s market capitalization.

All securities issued in connection with the Loans will be subject to a statutory hold period of four months plus a day from the closing of the Initial Loan in accordance with applicable securities legislation.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  ©2025 GreenPower Motor Company Inc. All rights reserved.

SOURCE GreenPower Motor Company

OAKLAND, Calif., May 28, 2025 /PRNewswire/ — The California Water Environment Association (CWEA) is proud to announce ten extraordinary individuals as recipients of the 96th Annual CWEA Awards. These individuals were celebrated at the ceremony on April 24, 2025, in Palm Springs, Calif., for their dedication to advancing water quality and sustainability across the state.

For nearly a century, the CWEA Awards program has recognized individuals who have demonstrated exemplary leadership in the water sector. Award recipients undergo a rigorous application process and are judged by their peers to ensure the highest standard of recognition.

“This year, we are so pleased to honor these individuals for their outstanding contributions to California’s healthy water environment,” said Gilbert Barela, 2024-2025 President of CWEA and Mechanical Systems Superintendent at Jurupa Community Services District. “Their work continues to shape the future of water in California, and we are thrilled to highlight their leadership and commitment to our shared mission.”

A historic moment at this year’s ceremony was the recognition of Lucia Diaz as the second female recipient of the prestigious Richard D. Pomeroy Award in 38 years. Lucia, from Inland Empire Utilities Agency (IEUA), was honored for her outstanding leadership and innovative contributions to advancing wastewater collection techniques. This award celebrates the practical application of new concepts in areas such as management, operation and maintenance, facility design, and education.

Lucia’s work has played a critical role in improving operational efficiency, fostering sustainability, and driving innovation in wastewater collection systems across California.

2025 CWEA AWARDS, INDIVIDUAL RECIPIENTS

Richard D. Pomeroy:
Lucia Diaz, Inland Empire Utilities Agency
Chino, Calif.

Collection System Person of the Year:
Jesus Barron, Elsinore Valley Municipal Water District
Lake Elsinore, Calif.

Supervisor of the Year:
Emanuel Flores, City of Escondido
Escondido, Calif.

Electrical Instrumentation Person of the Year:
Ted Nierhake, City of Escondido
Escondido, Calif.

Mechanical Technician Person of the Year:
Brian Walters, Central Contra Costa Sanitary District
Martinez, Calif.

Operator of the Year:
Abigail Farrington, Sanitary District #5 of Marin County
Tiburon, Calif.

Pretreatment, Pollution Prevention & Stormwater Person of the Year:
Patric Falconer, City of Redding
Redding, Calif.

Laboratory Person of the Year:
Terrence Egan, City of San Jose
San Jose, Calif.

Outstanding Young Professional of the Year:
Max Armenta, East Bay MUD
Oakland, Calif.

Golden Manhole:
Kent Vian, City of San Diego
San Diego, Calif.

For more information about the California Water Environment Awards and to see the full list of award recipients, visit cwea.org.

About California Water Environment Association (CWEA)
The California Water Environment Association is a non-profit, public benefit association of over 10,700 water professionals who work for public agencies and collection systems, engineering firms, and equipment and service suppliers. CWEA members are responsible for cleaning California’s water and returning it safely to the environment. CWEA educates and certifies wastewater professionals, disseminates technical information, and promotes sound policies to benefit society through protection and enhancement of our water environment.

High-res award ceremony photos available.

Contact:
Megan Barillo, Communications Manager, CWEA
510.382.7800 x1414 mbarillo@cwea.org

 

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SOURCE California Water Environment Association

$100,000 Hearst Health Prize recognizes innovative initiatives using data science to make a health impact

LOS ANGELES, May 28, 2025 /PRNewswire/ — Hearst Health, in partnership with the UCLA Center for AI & SMART Health, awarded the 2025 Hearst Health Prize to SCAN, a diversified not-for-profit healthcare company that operates SCAN Health Plan, one of the nation’s largest and fastest growing not-for-profit Medicare Advantage health plans. Chuck Tuchinda, executive vice president and chief operating officer of Hearst Health, presented the award on May 28 at the UCLA Health Data Day Symposium.

SCAN was recognized for the Patients at Their Home (PATH) platform, which supports the work of primary care clinicians who treat senior patients in their homes, in nursing homes, and in assisted living facilities. PATH integrates data from sources such as electronic medical records, claims history, and health risk assessments to create a comprehensive and holistic view of each patient. The platform analyzes this data to generate an individual risk score, prioritizing and weighting specific factors based on the 4Ms of geriatrics, an evidence-based framework used to support high-quality care for older adults. This information is synthesized to provide clinicians with a complete view of their patient panel, stratified by medical acuity, and to optimize the routing and scheduling of patient visits.

“Launched in 2023, PATH is now a standard component of care protocols and is used by over 65 clinicians serving over 6,000 patients across SCAN’s operations,” said Vinay Kulkarni, chief information officer at SCAN. “The platform has contributed to meaningful time savings for clinical and administrative teams as well as improved outcomes for patients.”

SCAN’s Vice President of Primary Care Dr. Gabriel Waterman stated, “In a traditional brick-and-mortar ambulatory practice, patients call in to request a visit or schedule a follow-up. In our model providing home-based primary care, a clinician could enter a senior living facility with over 100 patients and must be able to identify who needs to be seen immediately and which visits can be deprioritized. PATH helps clinicians make informed decisions about where to invest their time while also ensuring each patient gets the care they need when they need it.”

“While many systems perform risk stratification, PATH is unique in that it allows clinicians to customize their view based on a range of inputs, incorporating actionable recommendations to guide effective treatment decisions for higher-risk patients,” said Dr. Anthony Nguyen, chief executive officer of Welcome Health, SCAN’s medical group that provides primary care to older adults.

Dr. Gabriel Waterman emphasized, “By identifying patients in real time as they’re leaving the hospital or the nursing home and prioritizing their care, we’ve been able to achieve an industry-leading 7.5% readmission rate. This has had a significant financial impact but most importantly we’re keeping people healthy by ensuring the right patients are receiving the right care at the right time.”

Tuchinda said, “By simultaneously enhancing care quality and optimizing resource utilization, this program demonstrates the power of data-driven strategies to improve healthcare delivery—particularly in times of increasing service demand and clinician shortages.”

“Our partnership with Hearst Health originated to recognize impactful data science initiatives. We aim to inspire further advances by showcasing approaches like PATH, that have proven to be effective and show applicability to transform outcomes in other areas of care,” said Dr. Alex Bui, UCLA professor and co-director of the UCLA Center for AI & SMART Health.

About the Hearst Health Prize

The Hearst Health Prize is an annual competition that showcases data science programs making a health impact. Visit https://hearsthealthlp.hearst.com/2026-hearst-health-prize-news-updates to sign up to receive updates, including notifications about the call for submissions for the 2026 Hearst Health Prize.

About the UCLA Center for AI & SMART Health

The UCLA Center for Artificial Intelligence & Systematic, Measurable, Actionable, Resilient, and Technology-driven (SMART) Health is a campus-wide collaborative that looks to the integrated transformation of healthcare through emergent data and technologies. A joint effort between the Clinical and Translational Science Institute (CTSI), the Institute for Precision Health (IPH), and the B. John Garrick Institute for the Risk Sciences that brings together UCLA’s experts to shape how digital and data-driven healthcare technologies will help to manage risk, reliability, resilience, uncertainty, and precision in future biomedical research and clinical care.

About Hearst Health

The mission of Hearst Health is to guide healthcare organizations by delivering essential intelligence and software that improve the quality, safety and efficiency of care. Hearst Health has been innovating with care for more than 40 years, with a commitment to making a lasting positive impact on health. The Hearst Health companies — FDB, Homecare Homebase, MCG, MHK, QGenda and Zynx Health — elevate care by informing and empowering participants across the health journey. To learn more, visit www.hearst.com/hearst-health and follow @Hearst Health on LinkedIn.      

About SCAN Group

SCAN Group is a mission-driven not-for-profit organization dedicated to tackling some of the biggest issues in healthcare for older adults, including chronic illness, access to care, homelessness, inequities, and loneliness. SCAN Group’s Medicare Advantage health plan, SCAN Health Plan, is one of the nation’s foremost not-for-profit Medicare Advantage plans and serves over 300,000 members in California, Arizona, Nevada, Texas, and New Mexico. Independence at Home, a SCAN Health Plan community service, provides vitally needed services and support to seniors and their caregivers. Since 2020, SCAN has launched four mission-aligned medical groups, including Healthcare in Action, Welcome Health, Homebase Medical and myPlace Health, each of which focuses on meeting the needs of older adults. SCAN’s care delivery affiliates collectively serve more than 50,000 members. To learn more, visit www.thescangroup.org.

Contacts 

• Holly Ojalehto, Hearst Health, holly.ojalehto@hearst.com
• David Sampson, UCLA Health, dsampson@mednet.ucla.edu

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SOURCE Hearst Health

Unlocks Immediate and Significant Value for Parkland Shareholders
Establishes a Scalable Platform for Long-Term Value Creation

CALGARY, AB, May 28, 2025 /PRNewswire/ – Parkland Corporation (“Parkland”, “we”, the “Company” or “our”) (TSX: PKI) today announced the filing of its Management Information Circular (the “Circular”) and accompanying materials for the upcoming annual and special meeting (the “Meeting”) of the Parkland shareholders (the “Company Shareholders”) in connection with its previously announced strategic transaction involving Sunoco LP (“Sunoco”), and a wholly-owned subsidiary of Sunoco group (“SunocoCorp”).

This transformative transaction marks a pivotal moment for Parkland, delivering immediate value to Company Shareholders while positioning the combined company for long-term growth. The transaction will be implemented by way of a plan of arrangement (the “Plan of Arrangement”) under the Business Corporations Act (Alberta) (the “Arrangement”).

The Best Path Forward for Parkland and Our Shareholders

Parkland’s board of directors (the “Parkland Board”) unanimously recommends that Company Shareholders vote FOR the special resolution approving the Arrangement (the “Arrangement Resolution”).

Key benefits of the Arrangement include:

Immediate Value and Future Upside

• The Arrangement represents a 25% premium based on the 7-day volume-weighted average price of both the Parkland shares and Sunoco units as of May 2, 2025.
• Company Shareholders benefit from the flexibility to choose one of three forms of consideration:
  • C$19.80 in cash and 0.295 common units of SunocoCorp (which will be a newly listed NYSE public company that holds an interest in Sunoco);
  • C$44.00 in cash¹; or
  • 0.536 SunocoCorp common units¹.
• Company Shareholders who receive SunocoCorp common units will be able to participate in future upside, including potential dividend growth, resulting from the combined business. For two years post-closing, holders of SunocoCorp common units will receive dividends on their units equal to the distributions made to holders of Sunoco common units.

The Strategic Rationale for the Arrangement

• The combined company will be one of the largest independent fuel distributors in the Americas, creating greater scale and stability, and is expected to grow returns, improve margins and increase distributable cash flow per unit.
• The transaction leverages the complementary strengths of both companies to create a more diversified portfolio spanning Canada, the U.S., and the Caribbean, reducing single-industry exposure while improving earnings resiliency and minimizing volatility.
• The combined company is expected to achieve US$250 million in annual run-rate synergies by the third year, strengthening financial performance and boosting shareholder returns.

Sunoco’s Commitment to Responsible Stewardship and Growth in the Markets Parkland Serves

• Sunoco will maintain a Canadian headquarters in Calgary and significant employment levels in Canada.
• Sunoco is committed to ongoing investment in Canadian operations, including the Burnaby Refinery and Parkland’s transportation energy infrastructure expansion plans.
• The combined company’s expanded free cash flow will provide additional resources for reinvestment in Canada, the U.S., and the Caribbean in support of both existing and new opportunities.

These commitments affirm a vote of confidence in Canada, with Sunoco returning to a country where it has a long history of investment.

Additional Factors

The Arrangement is the result of arm’s length negotiations between Parkland and Sunoco with the Company Special Committee (the “Special Committee”) actively overseeing the process and guiding management and advisors. Following this thorough process, the Special Committee and the Parkland Board concluded that the consideration payable to Company Shareholders reflects Sunoco’s highest price.

The Special Committee and the Parkland Board evaluated the Arrangement in light of Parkland’s financial condition, operational performance, strategic alternatives, and market conditions. After reviewing fairness opinions provided to the Parkland Board by Goldman Sachs Canada Inc. and BofA Securities Inc., as well as a fairness opinion provided to the Special Committee by BMO Nesbitt Burns Inc., all of which deemed the consideration fair from a financial perspective, the Special Committee unanimously determined the Arrangement is in the best interests of Parkland and its shareholders.

Based on this determination, the Special Committee recommended, and the Board unanimously endorsed, the Arrangement. The transaction is not subject to financing conditions, and Sunoco has demonstrated a strong commitment to completing it efficiently. The reasons for the Parkland Board’s unanimous recommendation are more fully described under the headings “The Arrangement – Recommendation of the Parkland Board” and “The Arrangement – Reasons for the Recommendations” in the Circular.

The Arrangement is subject to court approval, Company Shareholder approval, regulatory approvals and other customary closing conditions.

Other Business at the Meeting

In addition to considering and voting on the Arrangement Resolution, Company Shareholders will also deal with several important matters at the Meeting (the “Annual Matters”), the first three of which will be subject to a shareholder vote. These include:

1. Election of Directors: Company Shareholders will be asked to elect the slate of current Parkland Board members (other than Lisa Colnett who is not standing for re-election): Felipe Bayon, Nora Duke, Robert Espey, Sue Gove, Timothy Hogarth, Richard Hookway, Michael Jennings, Angela John, James Neate, and Mariame McIntosh Robinson to the Parkland Board to complete the Arrangement. The Company did not receive any nominations under its advance notice bylaw.
2. Appointment of Auditor: Company Shareholders will vote on the reappointment of PricewaterhouseCoopers LLP as the auditor of Parkland for the upcoming fiscal year and authorize the Parkland Board to fix their remuneration.
3. Advisory Vote on Executive Compensation: Company Shareholders will have the opportunity to cast a non-binding advisory vote on Parkland’s approach to executive compensation.
4. Review of Financial Statements: Company Shareholders will receive the Company’s audited financial statements for the fiscal year ended December 31, 2024, along with the accompanying auditor’s report.

The Parkland Board recommends that Company Shareholders vote FOR each of the Annual Matters to ensure strong governance and operational excellence during this transitional period.

Meeting and Voting Details:

The Meeting will be held on June 24, 2025, at 9:00 a.m. (Calgary Time), in person at the Calgary TELUS Convention Centre in Calgary, Alberta. Company Shareholders are encouraged to review the Circular, which provides detailed information about the Arrangement and voting instructions. Company Shareholders are urged to vote well in advance of the Meeting and in any event, prior to the Voting Deadline, on June 20, 2025, at 9:00 A.M. (Calgary Time).

The mailing of the Circular and accompanying materials to Company Shareholders of record as of May 23, 2025 has commenced.

The Circular and related Meeting materials can be found on Parkland’s SEDAR+ profile at www.sedarplus.ca, as well as at ParklandSunoco.ca. Company Shareholders may request copies of the Circular and Meeting materials by electronic mail or by courier by sending an email to legal@parkland.ca no later than 10 business days prior to the Meeting, or any adjournment or postponement thereof.

If you have questions or need assistance voting, please contact Kingsdale Advisors at 1-888-518-6832 (toll-free in North America) or 1-647-251-9740 (text and call enabled outside North America), or by email at contactus@kingsdaleadvisors.com.

Vote Online
Registered Company Shareholders: Visit www.investorvote.com with your 15-digit control number.

Beneficial Company Shareholders: Visit www.proxyvote.com with your 16-digit control number.

Vote by Telephone
Registered Company Shareholders: Call toll-free at 1-866-732-8683 (in North America) or 1-312-588-4290 (in countries outside of North America) with your 15-digit control number.

Beneficial Company Shareholders: Call 1-800-474-7493 for English and 1-800-474-7501 for French (in Canada) or 1-800-454-8683 (in the United States) with your 16-digit control number.

Vote by Mail
Registered Company Shareholders: Complete, sign and date your BLUE form of proxy and return it in the postage paid envelope included in your package by mail in accordance with the instructions therein.

Beneficial Company Shareholders: Complete, sign and date your BLUE voting instruction form and return it in the postage paid envelope included in your package by mail in accordance with the instructions therein.

Questions? Need Help Voting?
If you have questions or need assistance voting when you receive the Circular and accompanying materials, please contact Kingsdale Advisors at 1-888-518-6832 (toll-free in North America) or 1-647-251-9740 (text and call enabled outside North America), or by email at contactus@kingsdaleadvisors.com.

To obtain current information about the Arrangement and the Annual Matters, please visit ParklandSunoco.ca.

About Parkland Corporation
Parkland is a leading international fuel distributor, marketer, and convenience retailer with safe and reliable operations in twenty-six countries across the Americas. Our retail network meets the fuel, and convenience needs of everyday consumers. Our commercial operations provide businesses with fuel to operate, complete projects and better serve their customers. In addition to meeting our customers’ needs for essential fuels, Parkland provides a range of choices to help them lower their environmental impact, including manufacturing and blending renewable fuels, ultra-fast EV charging, a variety of solutions for carbon credits and renewables, and solar power. With approximately 4,000 retail and commercial locations across Canada, the United States, and the Caribbean region, we have developed supply, distribution, and trading capabilities to accelerate growth and business performance.

Our strategy is focused on two interconnected pillars: our Customer Advantage and our Supply Advantage. Through our Customer Advantage, we aim to be the first choice of our customers through our proprietary brands, differentiated offers, extensive network, competitive pricing, reliable service, and compelling loyalty program. Our Supply Advantage is based on achieving the lowest cost to serve among independent fuel marketers and distributors in the hard-to-serve markets in which we operate, through our well-positioned assets, significant scale, and deep supply and logistics capabilities. Our business is underpinned by our people and our values of safety, integrity, community, and respect, which are embedded across our organization.

About Sunoco LP
Sunoco (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. Sunoco’s midstream operations include an extensive network of approximately 14,000 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership’s fuel distribution operations, which serve approximately 7,400 Sunoco and partner branded locations and additional independent dealers and commercial customers. Sunoco’s general partner is owned by Energy Transfer LP (NYSE: ET).

Forward-Looking Statements
Certain statements contained herein constitute forward-looking information and statements (collectively, “forward looking statements”). When used in this news release, the words “commit”, “ensure”, “enhance”, “expect”, “increase”, “ongoing”, “will”, and similar expressions are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things: the Arrangement, and the anticipated benefits thereof; the consideration payable to the Company Shareholders under the Arrangement; the business of the Combined Company after giving effect to the Arrangement; the expected value creation resulting from the arrangement; anticipated tax efficiencies associated with SunocoCorp structure; the anticipated dividends payable to holders of SunocoCorp Common Units; the listing of SunocoCorp on the NYSE; the business, financial performance, operations and size of the Combined Company; Sunoco’s commitment to maintaining a Canadian headquarters in Calgary for the Combined Company; the Combined Company’s free cash flow and anticipated uses thereof; the mailing of Parkland’s Circular and accompanying materials to Company Shareholders; and the Meeting, and the anticipated timing and location thereof;

These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. These forward-looking statements speak only as of the date hereof. Parkland does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities laws. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks, assumptions and uncertainties including, but not limited to: general economic, market and business conditions; the completion of the Arrangement on anticipated terms and timing, or at all, including obtaining court approval, Company Shareholder approval, regulatory approvals and other customary closing conditions; the anticipated benefits of the Arrangement may not be realized; the consideration to be received by Company Shareholders is subject to proration, such that a Company Shareholder may not receive all of the consideration in the form that they elect to receive; the SunocoCorp Common Units to be received by Company Shareholders as a result of the Arrangement will have different rights from the Company shares; the amount of any dividends or distributions to be paid by SunocoCorp following the Arrangement will not be guaranteed; anticipated tax treatment; potential litigation relating to the Arrangement that could be instituted against Sunoco or Parkland; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the Arrangement; certain restrictions during the pendency of the Arrangement that may impact Parkland’s ability to otherwise operate its business; the expected timing of the Meeting, the court approval and the anticipated effective date of the Arrangement may be changed or delayed; and other factors, many of which are beyond the control of Parkland. See also the risks and uncertainties described under the headings “Cautionary Statement Regarding Forward-Looking Information” and “Risk Factors” in Parkland’s current Annual Information Form dated March 5, 2025, under the headings “Forward-Looking Information” and “Risk Factors” included in the Management’s Discussion and Analysis dated May 5, 2025, and under the heading “Risk Factors” in Parkland’s Circular, dated May 26, 2025, each as filed on SEDAR+ and available on Parkland’s website at www.parkland.ca and www.parklandsunoco.ca.  

The forward-looking statements contained herein are expressly qualified by this cautionary statement.

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SOURCE Parkland Corporation

TORONTO, May 28, 2025 /PRNewswire/ — Following the previous announcement of the launch of a senior notes offering, Waste Connections, Inc. (TSX/NYSE: WCN) (“Waste Connections” or the “Company”) announced today that it has priced an underwritten public offering (the “Offering”) of $500 million aggregate principal amount of its 5.25% Senior Notes due 2035 (the “Notes”) at a price to the public of 99.874% of their face value.  The Offering is expected to close on June 4, 2025, subject to customary closing conditions.  Net proceeds to Waste Connections from the Offering are expected to be approximately $495 million, after deducting underwriting fees and estimated Offering expenses, and are expected to be used to repay a portion of the borrowings outstanding under its revolving credit facility.

BofA Securities, J.P. Morgan, PNC Capital Markets LLC and Truist Securities are acting as joint book-running managers and underwriters for the Offering.  The Offering is being made pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on October 24, 2024 (the “Registration Statement”).  Copies of the prospectus supplement and the accompanying base prospectus for the Offering may be obtained by contacting BofA Securities, Inc. at 201 North Tryon Street, NC1-022-02-25, Charlotte, NC 28255-0001, Attention: Prospectus Department, at dg.prospectus_requests@bofa.com or by telephone at 1-800-294-1322, J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com, PNC Capital Markets LLC at 300 Fifth Avenue, 10th Floor, Pittsburgh, PA 15222, Attention: Debt Capital Markets, Fixed Income Transaction Execution, at pnccmprospectus@pnc.com or by telephone toll-free at 855-881-0697 or Truist Securities, Inc. at 50 Hudson Yards, 70th Floor, New York, NY 10001, Attention: Prospectus Department, at TruistSecurities.prospectus@Truist.com or by telephone at 800-685-4786. Copies of the prospectus supplement and the accompanying base prospectus for the Offering will also be available on the SEC’s website at http://www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor will there be any offer, solicitation or sale of the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. 

About Waste Connections

Waste Connections is an integrated solid waste services company that provides non-hazardous waste collection, transfer and disposal services, including by rail, along with resource recovery primarily through recycling and renewable fuels generation. The Company serves approximately nine million residential, commercial and industrial customers in mostly exclusive and secondary markets across 46 states in the U.S. and six provinces in Canada. Waste Connections also provides non-hazardous oilfield waste treatment, recovery and disposal services in several basins across the U.S. and Canada, as well as intermodal services for the movement of cargo and solid waste containers in the Pacific Northwest. Waste Connections views its Environmental, Social and Governance (“ESG”) efforts as integral to its business, with initiatives consistent with its objective of long-term value creation and focused on reducing emissions, increasing resource recovery of both recyclable commodities and clean energy fuels, reducing reliance on off-site disposal for landfill leachate, further improving safety and enhancing employee engagement.

Safe Harbor and Forward-Looking Information

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 (“PSLRA”), including “forward-looking information” within the meaning of applicable Canadian securities laws. These forward-looking statements are neither historical facts nor assurances of future performance and reflect Waste Connections’ current beliefs and expectations regarding future events, including the potential Offering and the Company’s use of proceeds. These forward-looking statements are often identified by the words “may,” “might,” “believes,” “thinks,” “expects,” “estimate,” “continue,” “intends” or other words of similar meaning. All of the forward-looking statements included in this press release are made pursuant to the safe harbor provisions of the PSLRA and applicable securities laws in Canada. Forward-looking statements involve risks, assumptions and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements about the timing and other elements of the Offering. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, risk factors detailed in the preliminary prospectus supplement and the accompanying base prospectus, which are both a part of the Registration Statement, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and those risk factors set forth from time to time in the Company’s other filings with the SEC and the securities commissions or similar regulatory authorities in Canada. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.  Waste Connections undertakes no obligation to update the forward-looking statements set forth in this press release, whether as a result of new information, future events, or otherwise, unless required by applicable securities laws.

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SOURCE Waste Connections, Inc.