Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 243

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 243
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 of deferred financing costs in connection with amending and restating the CAPL Credit Facility and terminating the JKM Credit Facility in the first quarter of 2023. 

47

Distributions

Distribution activity for 2024 was as follows (in thousands):

    Quarter Ended
     
    Record Date
     
    Payment Date
     
    Cash Distribution(per unit)

    Cash Distribution(in thousands)

    December 31, 2023
     
    February 2, 2024
     
    February 9, 2024
     
    $
    0.5250

    $
    19,941

    March 31, 2024
     
    May 3, 2024
     
    May 10, 2024

    0.5250

    19,964

    June 30, 2024
     
    August 2, 2024
     
    August 9, 2024

    0.5250

    19,974

    September 30, 2024
     
    November 4, 2024
     
    November 13, 2024

    0.5250

    19,975

    December 31, 2024
     
    February 3, 2025
     
    February 13, 2025

    0.5250

    19,981

The amount of any distribution is subject to the discretion of the Board, which may modify or revoke our cash distribution policy at any time. Our Partnership Agreement does not require us to pay any distributions. As such, there can be no assurance we will continue to pay distributions in the future.

Debt

As of December 31, 2024, our debt and finance lease obligations consisted of the following (in thousands): 

    CAPL Credit Facility
     
    $
    767,500

    Finance lease obligations

    7,936

    Total debt and finance lease obligations

    775,436

    Current portion

    3,266

    Noncurrent portion

    772,170

    Deferred financing costs, net

    8,238

    Noncurrent portion, net of deferred financing costs
     
    $
    763,932

See “Recent Developments—Amendment to CAPL Credit Facility” and Note 11 to the financial statements for