Greenberg Traurig issued the following announcement on Nov. 22.
Global law firm Greenberg Traurig, P.A., advised ARKO Corp. on its private offering of $450 million of its 5.125% Senior Notes due 2029.
The company used a portion of the net proceeds from the offering to repay certain existing indebtedness under its senior secured credit facilities and intends to use the balance of the net proceeds for general corporate purposes.
ARKO, based in Richmond, Va., is the sixth largest convenience store chain in the United States, ranked by store count, operating 1,379 retail convenience stores, and operating or supplying fuel to approximately 3,100 locations in 33 states and the District of Columbia.
“This was a significant note offering for our client ARKO, which our multi-disciplinary team of attorneys completed at a time during which the debt markets have remained favorable for qualified issuers,” said Miami Shareholder Drew M. Altman, chair of the firm’s Miami Corporate Practice.
In addition to Altman, who led the Greenberg Traurig team, the transaction team included Associates Win Rutherfurd, Jennifer Hicks Sagarduy, and Macy Nix, members of the Miami Corporate Practice, Theodore I. Blum, managing shareholder of the firm’s Atlantic office and chair of the Atlanta Corporate Practice, and Shareholder L. Frank Cordero, co-chair of the Miami Tax Practice.
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