Westlake, OH,
27
August
2015
|
06:00 AM
Europe/Amsterdam

TravelCenters of America Acquires Additional Convenience Stores in Kentucky

TravelCenters of America LLC (TravelCenters), announced it has completed a portion of one of its previously disclosed acquisitions of convenience stores in Kentucky: 21 stores were acquired today and an additional 13 stores, principally leased, are expected to be acquired upon the satisfaction by the seller of certain closing conditions. TravelCenters has begun to operate all of the acquired stores and substantially all of the to-be-acquired stores. TravelCenters expects these 34 convenience stores, which average over 3,100 square feet in size, will be rebranded as Minit Mart convenience stores and the sites will undergo improvements in the coming months.

About TravelCenters of America LLC

TravelCenters of America LLC (TravelCenters) is headquartered in Westlake, Ohio and is located in 43 states and Canada operating under the Minit Mart®, TA® and Petro Stopping Centers® brands. Its business includes 370 convenience stores, including 256 which are located at travel centers. For more information on TravelCenters, TA, and Petro Stopping Centers, please visit www.ta-petro.com. For more information on Minit Mart, please visit www.minitmart.com.

WARNING CONCERNING FORWARD LOOKING STATEMENTS

THIS PRESS RELEASE CONTAINS STATEMENTS THAT CONSTITUTE FORWARD LOOKING STATEMENTS WITHIN THE MEANING OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER SECURITIES LAWS. ALSO, WHENEVER TA USES WORDS SUCH AS ‘‘EXPECTED'' OR SIMILAR EXPRESSIONS, TA IS MAKING FORWARD LOOKING STATEMENTS. THESE FORWARD LOOKING STATEMENTS ARE BASED UPON TA'S PRESENT INTENT, BELIEFS OR EXPECTATIONS, BUT FORWARD LOOKING STATEMENTS ARE NOT GUARANTEED TO OCCUR AND MAY NOT OCCUR. ACTUAL RESULTS MAY DIFFER MATERIALLY FROM THOSE CONTAINED IN OR IMPLIED BY FORWARD LOOKING STATEMENTS AS A RESULT OF VARIOUS FACTORS. AMONG OTHERS, THE FORWARD LOOKING STATEMENTS WHICH APPEAR IN THIS PRESS RELEASE THAT MAY NOT OCCUR INCLUDE THE STATEMENTS THAT TA HAS AGREED TO ACQUIRE 13 OF THESE CONVENIENCE STORES UPON THE SATISFACTION OF CERTAIN CLOSING CONDITIONS BY THE SELLER AND THAT TA HAS BEGUN TO OPERATE SUBSTANTIALLY ALL OF THESE LOCATIONS. THESE STATEMENTS MAY IMPLY THAT THE SELLER WILL SATISFY SUCH CLOSING CONDITIONS. HOWEVER, SATISFACTION OF THESE CONDITIONS MAY NOT BE IN TA’S CONTROL AND TA MAY NOT BE WILLING TO WAIVE SUCH CONDITIONS IF THEY ARE NOT MET, AND AS A CONSEQUENCE SOME OR ALL OF THESE 13 CONVENIENCE STORES MAY NOT BE ACQUIRED.

THESE AND OTHER UNEXPECTED RESULTS MAY BE CAUSED BY VARIOUS FACTORS, SOME OF WHICH ARE BEYOND TA'S CONTROL. RESULTS THAT DIFFER FROM THOSE STATED OR IMPLIED BY TA'S FORWARD LOOKING STATEMENTS MAY ALSO BE CAUSED BY VARIOUS CHANGES IN TA'S BUSINESS OR MARKET CONDITIONS, AS DESCRIBED MORE FULLY IN TA'S PERIODIC REPORTS, INCLUDING TA'S ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2014, FILED WITH THE U.S. SECURITIES AND EXCHANGE COMMISSION, OR "SEC", AND TA'S QUARTERLY REPORT ON FORM 10-Q FOR THE PERIOD ENDED JUNE 30, 2015, WHICH HAS BEEN FILED WITH THE SEC, UNDER "WARNING CONCERNING FORWARD LOOKING STATEMENTS," AND "RISK FACTORS" AND ELSEWHERE IN THOSE REPORTS. COPIES OF TA'S PERIODIC REPORTS, ARE OR WILL BE AVAILABLE AT THE WEBSITE OF THE U.S. SECURITIES AND EXCHANGE COMMISSION: WWW.SEC.GOV.

YOU SHOULD NOT PLACE UNDUE RELIANCE UPON FORWARD LOOKING STATEMENTS. EXCEPT AS REQUIRED BY LAW, TA UNDERTAKES NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD LOOKING STATEMENTS AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE.

 

Contacts

TravelCenters of AmericaTom Liutkus, 440-808-7364tliutkus@ta-petro.com