Moody’s changes ARKO outlook to stable on debt reduction
Moody’s upgraded ARKO Corp.'s outlook to stable from negative, citing debt reduction and higher earnings. The company used IPO proceeds to repay debt and repurchased senior notes. ARKO Petroleum is acquiring U.S. Petroleum Partners for $205M, expected to add $30M in EBITDA. Moody’s-adjusted debt to EBITDA improved to 5.4x from 5.9x. The company maintains strong liquidity and coverage ratios.


