ARKO Corp. Files 8-K on Material Agreement

TL;DR

ARKO Corp. filed an 8-K on 9/30/24 for a material agreement. Check financials.

AI Summary

On September 30, 2024, ARKO Corp. filed an 8-K report detailing a material definitive agreement and financial statements. The filing indicates ARKO Corp. is a Delaware-incorporated company operating in the retail-convenience stores sector, with its principal executive offices located in Richmond, Virginia.

Why It Matters

This filing provides an update on ARKO Corp.'s material definitive agreements and financial status, which is crucial for investors to assess the company's current operational and financial health.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report for a material definitive agreement and financial statements, which is routine corporate disclosure.

Key Numbers

• 001-39828 — Commission File Number (Identifies ARKO Corp.'s filing with the SEC.)
• 85-2784337 — IRS Employer Identification No. (Tax identification number for ARKO Corp.)

Key Players & Entities

• ARKO Corp. (company) — Registrant
• September 30, 2024 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Richmond, Virginia (location) — Address of Principal Executive Offices
• 804-730-1568 (phone_number) — Registrant's Telephone Number

FAQ

Key Financial Figures

• $0.0001 — nge on which registered Common Stock, $0.0001 par value per share ARKO The Nasdaq
• $11.50 — of Common Stock at an exercise price of $11.50 ARKOW The Nasdaq Stock Market LLC
• $1.5 billion — , Blue Owl had agreed to purchase up to $1.5 billion of convenience store and gas station re
• $1.0 billion — ty Period") and (ii) provides for up to $1.0 billion of capacity under the Program Agreement

Filing Documents

• arko-20240930.htm (8-K) — 48KB
• arko-ex10_1.htm (EX-10.1) — 72KB
• img27460766_0.jpg (GRAPHIC) — 136KB
• 0000950170-24-111502.txt ( ) — 625KB
• arko-20240930.xsd (EX-101.SCH) — 45KB
• arko-20240930_htm.xml (XML) — 6KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. As previously reported, on May 3, 2021, GPM Investments, LLC, a Delaware limited liability company (including its affiliates, "GPM") and a subsidiary of ARKO Corp., a Delaware corporation (the "Company"), entered into a Standby Real Estate Purchase, Designation and Lease Program agreement (as amended, the "Program Agreement") with Blue Owl Real Estate Fund VI OP LP (f/k/a Oak Street Real Estate Capital Fund VI OP, LP) and certain of its affiliates (collectively, "Blue Owl"). Subject to the terms of the Program Agreement, Blue Owl had agreed to purchase up to $1.5 billion of convenience store and gas station real property, cardlock fuel stations and, subject to Blue Owl's reasonable approval, other types/classifications of real property that GPM may acquire, including in connection with purchase agreements that GPM may from time to time enter into to acquire the foregoing from third parties. Following any such purchase, GPM would enter into one or more triple-net lease agreements with Blue Owl, pursuant to which GPM would lease such properties from Blue Owl based upon commercial terms contained in the Program Agreement. The term of the Program Agreement had been scheduled to expire on September 30, 2024. On September 30, 2024, GPM and Blue Owl entered into a sixth amendment to the Program Agreement (the "Sixth Amendment"), which, among other things, (i) extended the term of the Program Agreement and Blue Owl's exclusivity thereunder through September 30, 2025, subject to certain early termination events (the "Exclusivity Period") and (ii) provides for up to $1.0 billion of capacity under the Program Agreement from May 2, 2023 through the expiration of the Exclusivity Period, subject to reduction for any amounts Blue Owl funds to GPM in connection with certain other projects that may be entered into between Blue Owl and GPM. The other material terms of the Program Agreement remained substantially unchanged. T

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 *+ Sixth Amendment, dated as of September 30, 2024, to Standby Real Estate Purchase, Designation and Lease Program, by and among GPM Investments, LLC, GPM Portfolio Owner LLC and Blue Owl Real Estate Fund VI OP LP (f/k/a Oak Street Real Estate Capital Fund VI OP, LP). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * Pursuant to Item 601(b)(10)(iv) of Regulation S-K, portions of this exhibit have been omitted because the Company customarily and actually treats the omitted portions as private or confidential, and such portions are not material. The Company will supplementally provide a copy of an unredacted copy of this exhibit to the U.S. Securities and Exchange Commission or its staff upon request. + Pursuant to Item 601(a)(5) of Regulation S-K, schedules and similar attachments to this exhibit have been omitted because they do not contain information material to an investment or voting decision and such information is not otherwise disclosed in such exhibit. The Company will supplementally provide a copy of any omitted schedule or similar attachment to the U.S. Securities and Exchange Commission or its staff upon request.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARKO Corp. Date: October 2, 2024 By: /s/ Arie Kotler Name: Title: Arie Kotler President, Chief Executive Officer and Chairman of the Board

View Full Filing

View this 8-K filing on SEC EDGAR