Loan Details - The Borrower has requested an Incremental Term A-1 Loan in an aggregate principal amount of $850,000,000[2] - The total Incremental Term A-1 Loan Commitment as of the First Amendment Effective Date is $850,000,000[14] - The Borrower shall repay the aggregate outstanding principal amount of the Incremental Term A-1 Loan in consecutive quarterly installments of $10,625,000 starting March 31, 2025[6] - The Incremental Term A-1 Loan shall be paid in full, together with accrued interest, on the Term Loan Maturity Date of October 30, 2029[15] - The proceeds of the Incremental Term A-1 Loan will be used to finance the acquisition of 100% of the Equity Interests of Fikes Wholesale, Inc. and Group Petroleum Services, Inc.[10] - The Incremental Term A-1 Loan will share ratably in all prepayments with the Initial Term Loan[9] - The Applicable Margin for the Incremental Term A-1 Loan will be based on Pricing Level II until the Calculation Date for the first full fiscal quarter ending after the First Amendment Effective Date[7] Borrowing Process - The Borrower must provide an irrevocable Notice of Borrowing prior to 11:00 a.m. on the First Amendment Effective Date[4] - The Borrower must provide a signed certificate confirming the First Amendment Acquisition will be consummated within three Business Days[30] - The Borrower is required to deliver a Beneficial Ownership Certification at least five Business Days prior to the First Amendment Effective Date[34] Compliance and Covenants - The Borrower must demonstrate compliance with financial covenants based on the most recently completed Test Period[24] - No Default or Event of Default shall exist on the First Amendment Effective Date[28] - The representations and warranties of the Loan Parties must be true and correct in all material respects on the First Amendment Effective Date[36] Legal and Administrative Provisions - The execution and delivery of the Amendment must be within the Borrower's corporate powers and duly authorized[38] - The Borrower confirms and ratifies its obligations under the Loan Documents, ensuring legal and binding commitments[40] - The Borrower acknowledges its payment and reimbursement obligations for reasonable expenses incurred by the Administrative Agent[41] - This Amendment is governed by the laws of the State of New York, ensuring compliance with applicable legal standards[41] - The Amendment may be executed in counterparts, allowing for flexibility in execution among parties[42] - Any provision deemed unenforceable in one jurisdiction will not affect the validity of the remaining provisions[43] - The Amendment is binding on successors and assigns, ensuring continuity of obligations[44] Fees and Payments - Each optional prepayment of the Term Loans must be at least $5,000,000 or any whole multiple of $500,000[18] - Facility fees for the Revolving Credit Lenders will accrue at a rate equal to the Applicable Margin on the average daily amount of the Revolving Credit Commitment[19] - The Facility Fees will be payable in arrears on the last Business Day of each calendar quarter starting June 30, 2023[20] Loan Arrangers - The Incremental Term A-1 Loan Arrangers include Wells Fargo Securities, LLC, CoBank, ACB, JPMorgan Chase Bank, N.A., and BMO Capital Markets Corp.[2]

Wall Street analysts forecast that Casey's General Stores (CASY) will report quarterly earnings of $4.24 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $4.01 billion, exhibiting a decline of 1.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 4.3% to its current level. This demonstrates the covering analysts' collective reassessment of their init ...

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Casey's General Stores (CASY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Retail-Wholesale peers, we might be able to answer that question.Casey's General Stores is a member of our Retail-Wholesale group, which includes 210 different companies and currently sits at #7 in the Zacks Sector Rank. ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Casey's General Stores (CASY) . This company, which is in the Zacks Retail - Convenience Stores industry, shows potential for another earnings beat.When looking at the last two reports, this convenience store chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 22.02%, on ave ...

Have you been paying attention to shares of Casey's General Stores (CASY) ? Shares have been on the move with the stock up 6.6% over the past month. The stock hit a new 52-week high of $401.17 in the previous session. Casey's General Stores has gained 45.8% since the start of the year compared to the 21.1% move for the Zacks Retail-Wholesale sector and the 45.8% return for the Zacks Retail - Convenience Stores industry. What's Driving the Outperformance? The stock has an impressive record of positive earnin ...

Here's why I plan to buy more shares of Casey's General Stores for my daughter, even after her investment has nearly doubled in less than two years.Buying more of a winning stock is one of the hardest things to do in investing. This notion is especially true when the stock's valuation has risen alongside its price.However, investors should avoid anchoring to the original purchase price and valuation of their winning investment. Saying we shouldn't add to a winning stock until it hits a "reasonable" valuatio ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Casey's General Stores Inc. (CASY) continues to distinguish itself in the convenience store sector through robust operational strategies that bolster its market position and financial performance. A resilient business operating model, stellar omnichannel capabilities, expanded customer outreach and exclusive private-label offerings strengthen Casey's competitive position. Through a strategic blend of organic growth and targeted acquisitions, Casey's is aggressively expanding its footprint. Decoding Casey's ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis ...

Alimentation Couche-Tard, Casey's General Stores, and Murphy USA are worth a look. In this podcast, Motley Fool Host Mary Long caught up with Motley Fool Canada's Jim Gillies for a look at three companies you can find on your next road trip. They discuss: An industry where investors can ignore sales growth. What shifting consumer tastes mean for convenience stores. One company that is "taking over a mountain no one else wants." To catch full episodes of all The Motley Fool's free podcasts, check out our pod ...