Where can I find debt disclosures related to Petro Stopping Center's capital?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
In the event that the terms of any financing you seek to obtain require us to be made a party to any document relating to the financing, we retain the right to approve, in advance, any provisions affecting us in any such documentation, which provisions shall be in form acceptable to us (in our sole discretion) and our counsel. Any and all costs and expenses, including reasonable attorneys fees, incurred by us in connection with the review or negotiation of the Loan Documents and the negotiation of any subordination agreement, shall be promptly paid by you. In addition, you must pay us the Financing Review Fee set forth in Section 9.7 and reimburse us for such other reasonable legal fees we incur in connection with our review and negotiation of any Loan Documents. We will typically complete our review of Loan Documents within two (2) weeks of your submission of a full and complete set of Loan Documents.
Source: Item 14 — Other investments (FDD pages 131–208)
What This Means (2025 FDD)
Based on the 2025 FDD, Item 14 discusses aspects of financing related to the Petro Stopping Center franchise. Specifically, it states that if a franchisee seeks financing and the terms require Petro Stopping Center to be a party to any document, Petro Stopping Center retains the right to approve any provisions affecting them. These provisions must be in a form acceptable to Petro Stopping Center and its counsel.
Furthermore, the franchisee is responsible for promptly paying all costs and expenses, including reasonable attorney fees, incurred by Petro Stopping Center in connection with the review or negotiation of loan documents and any subordination agreement. The franchisee must also pay the Financing Review Fee outlined in Section 9.7 and reimburse Petro Stopping Center for other reasonable legal fees incurred during the review and negotiation of loan documents.
Petro Stopping Center will typically complete its review of loan documents within two weeks of receiving a full and complete set of documents. This indicates that while the FDD does not provide specific debt disclosures related to Petro Stopping Center's own capital, it does outline the process and financial responsibilities associated with a franchisee obtaining financing that involves Petro Stopping Center.