TA Petro Overview of SVC Leases and Financial Upside
Property Upgrades & IT Overhaul
In early July, we raised $80 million to fund catch-up of deferred property maintenance and overhaul of
key IT system infrastructure to support the growth in EBITDA/EBITDAR and Cash Flow we aim to
achieve over the next 2 to 3 years.
$100 - $150 million of aggregate spend over the next 2 to 3 years
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Property Maintenance Capital Expenditures
Parking Lots
• Restrooms and
Showers
• HVAC Systems
• Stores
• Property and infrastructure
improvements
• Environmental initiatives
• Fuel Canopies
•
Safety & Fire Protection
• Roof Repairs
•
Signage
Information Technology (IT) Projects
• Site System Upgrades
• Customer Service
Improvements
• Truck Repair Technology
Refresh
• Data Center Management
Improvements
• Portfolio Simplification
• Cyber Security
Improvements
• Core System
Refresh
• Asset & Data Management
Improvements
We successfully financed one owned location in West Greenwich in February 2020 at an attractive
rate and, although it is challenging in the current market environment, we will continue to
evaluate opportunities for additional financings on owned locations.
TA PETRO TAEXPRESS
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