CASY · Caseys General Stores Inc · Debt

On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Issuer evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Supporting evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Supporting evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Issuer evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Supporting evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Supporting evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Issuer evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Supporting evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

Supporting evidence: On June 30, 2020, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $650,000,000 aggregate principal amount of senior notes, consisting of: (i) $325,000,000 aggregate principal amount of 2.85% Senior Notes, Series G, due August 7, 2030 (the “Series G Notes”); and (ii) $325,000,000 aggregate principal amount of 2.96% Senior Notes, Series H, due August 6, 2032 (the “Series H Notes”) (collectively, the “Notes”). The Series G Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.85% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 7, 2030. The Series H Notes will be issued on August 7, 2020 (subject to customary closing conditions), will bear interest at the rate of 2.96% per annum from the date thereof, payable semi-annually on February 7 and August 7 of each year, and will mature on August 6, 2032. The Company intends to use the proceeds of the Notes to refinance existing indebtedness (specifically, the Company’s 2010 senior notes due August 9, 2020) and other working capital and general corporate purposes.

On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Issuer evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Supporting evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.

Supporting evidence: On October 4, 2024, Casey’s General Stores, Inc. (the “Company”) entered into a note purchase agreement (the “NPA”) with the purchasers named therein with respect to the issuance of $250,000,000 aggregate principal amount of senior notes, consisting of: (i) $150,000,000 aggregate principal amount of 5.23% Senior Notes, Series I, due November 2, 2031 (the “Series I Notes”); and (ii) $100,000,000 aggregate principal amount of 5.43% Senior Notes, Series J, due November 2, 2034 (the “Series J Notes”) (collectively, the “Notes”). The Series I Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.23% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2031. The Series J Notes will be issued on October 30, 2024 (subject to customary closing conditions), will bear interest at the rate of 5.43% per annum from the date thereof, payable semi-annually on May 2 and November 2 of each year, and will mature on November 2, 2034. The Company intends to use the proceeds of the Notes for general corporate purposes, including to fund the previously announced acquisition of 100% of the equity of Fikes Wholesale, Inc. and Group Petroleum Services, Inc., each, a Texas corporation.