Corporate News

Corporate news affecting the convenience store industry

Reduces total debt outstanding to $33 million

DALLAS -- Alon USA Energy Inc. said that it has prepaid its $100 million term loan, due Jan. 14, 2009, reducing the company's total debt outstanding to approximately $33 million. According to the terms of the loan, Alon did not have the right to prepay the loan before January 2006. "Due to the...

The Pantry is positioning itself for additional purchases that could catapult its store count to 2,000 by the end of the decade.

SANFORD, N.C. -- The Pantry, one of the industry's best recognized piranhas with an insatiable appetite for acquisition in the country's southeastern tier, is positioning itself for additional purchases that could catapult its store count to 2,000 by the end of the decade. With roughly 1,450 stores...

AMBEST Inc., a member-owned truckstop organization, has added 15 Road Ranger locations to its member network, according to a report by TruckingInfo.com.

NASHVILLE, Tenn. -- AMBEST Inc., a member-owned truckstop organization, has added 15 Road Ranger locations to its member network, according to a report by TruckingInfo.com. Ranger Enterprises Inc. owns 50 convenience stores and travel plazas throughout Illinois, Wisconsin, Indiana, Missouri and...

VERC Enterprises promoted Tariq Jameel to the position of district manager, covering a number of the company's locations.
Convenience Retailing Conference 2006 salves, solves industry challenges
Duskiewicz, Tamburro, Rowland promoted at Nice N Easy
Krause expects to have 700 c-stores by 2009
Subway franchisee group sets Pace with new SVP, CMO
Industry's premier benchmarking conference adds new features.
President and CEO purchases 20-store chain in Nebraska, Colorado

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