Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 121

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 121
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 We paid $26 million to Applegreen related to lease terminations and inventory purchases. We received $35 million in proceeds primarily from the sale of sites in connection with our real estate rationalization effort.

In 2023, we incurred capital expenditures of $35 million driven by image upgrades funded primarily through incentives from our fuel suppliers, rebranding of certain sites, site upgrades, including store remodels and site purchases. We received $6 million in proceeds primarily from the sale of sites in connection with our real estate rationalization effort.

Financing Activities

In 2024, we paid $80 million in distributions to our unitholders. We made net borrowings of $12 million on our credit facility.

In 2023, we paid $80 million in distributions to our unitholders. We made net repayments of $9 million on our credit facility. We paid $7 million 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