Company: CAPL
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028082
Chunk: 158

Company: CrossAmerica Partners LP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 158
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essed upon adoption of ASC 842–Leases. As such, future minimum rental payments are included in both the finance lease obligations table above as well as the operating lease table in Note 13.The weighted-average discount rate for this finance lease obligation at December 31, 2024 and 2023 was 3.5%. Interest on this finance lease obligation amounted to $0.3 million, $0.4 million and $0.5 million for 2024, 2023 and 2022, respectively.

72 

CROSSAMERICA PARTNERS LPNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

Note 12. INTEREST RATE SWAP CONTRACTSDuring 2024, we held the following interest rate swap contracts (in thousands): 

        Type
         
        Notional Amount

        Termination Date
         
        Fixed Rate

        Spot starting
         
        $
        150,000

        April 1, 2024

        0.413
        %

        Spot starting

        75,000

        April 1, 2024

        0.298
        %

        Spot starting

        75,000

        April 1, 2024

        0.298
        %

        Spot starting

        50,000

        March 30, 2028

        3.287
        %

        Spot starting

        100,000

        March 31, 2028

        3.287
        %

        Spot starting

        50,000

        April 8, 2028

        3.282
        %

        Forward starting April 1, 2024

        100,000

        April 1, 2028

        2.932
        %

        Spot starting

        80,000

        March 31, 2028

        4.105
        %

        Spot starting

        20,000

        March 31, 2028

        4.121
        %
       
       Our interest rate swap contracts fix the rate on a portion of our SOFR-based borrowings under our CAPL Credit Facility, have been designated as cash flow hedges and are expected to be highly effective. The first three swap contracts above matured April 1, 2024, and as a result, our effective interest rate on the CAPL Credit Facility has