|3 Months Ended|
Mar. 31, 2022
|Subsequent Events [Abstract]|
13. Subsequent Event
As of March 31, 2022, approximately $252.8 million of the initial $1.0 billion available under the Program Agreement with Oak Street had been utilized. GPM, together with an affiliate of Oak Street, entered into an amendment to the Program Agreement in April 2022, which extended the term of the Program Agreement from one to two years and provides for up to $1.15 billion of capacity under the Program Agreement during the second year of the term, in addition to the approximately $130 million of funding described in Note 12, and including in connection with purchase agreements that the Company or an affiliate thereof may from time to time enter into to acquire convenience stores and gas station real property from third parties. The term of the Program Agreement, as amended, extends through May 2, 2023.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef