Sunoco Logistics Partners L.P. Prices Public Offering of Common Units
September 26 2016 - 9:00PM
Business Wire
Sunoco Logistics Partners L.P. (NYSE:SXL), announced today that
it has priced its previously announced underwritten public offering
of 21,000,000 common units at $27.00 per unit. The underwriter of
this common unit offering has been granted a 30-day option to
purchase up to 3,150,000 additional common units. The offering was
made pursuant to an effective shelf registration statement on Form
S-3 previously filed with the Securities and Exchange Commission
(the “SEC”). SXL intends to use the net proceeds from this offering
to fund a portion of the purchase price for the previously
announced acquisition of an integrated crude oil business in West
Texas from Vitol Inc. (the “Acquisition”). This offering is not
conditioned on the consummation of the Acquisition. If the
Acquisition is not consummated, SXL intends to use the net proceeds
from this offering for general partnership purposes.
Barclays Capital Inc. is acting as the sole underwriter of the
offering.
A copy of the prospectus supplement and the accompanying
prospectus related to this offering may be obtained from the
following address:
Barclays Capital Inc.
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (888) 603-5847
Email:
barclaysprospectus@broadridge.com
You may also obtain these documents for free when they are
available by visiting EDGAR on the SEC’s website at
www.sec.gov.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. The offering may be made
only by means of a prospectus and related prospectus supplement
meeting the requirements of Section 10 of the Securities Act of
1933, as amended.
Sunoco Logistics Partners L.P. (NYSE:SXL), headquartered in
Newtown Square, Pennsylvania, is a publicly traded Delaware limited
partnership that owns and operates a logistics business, consisting
of a geographically diverse portfolio of complementary pipeline,
terminalling, and acquisition and marketing assets which are used
to facilitate the purchase and sale of crude oil, natural gas
liquids and refined products. SXL’s general partner is a
consolidated subsidiary of Energy Transfer Partners, L.P.
(NYSE:ETP).
Portions of this document constitute forward-looking statements
as defined by federal law. Although SXL believes that the
assumptions underlying these statements are reasonable, investors
are cautioned that such forward-looking statements are inherently
uncertain and necessarily involve risks that may affect SXL’s
business prospects and performance causing actual results to differ
from those discussed in the foregoing release. Such risks and
uncertainties include, by way of example and not of limitation:
increased competition; changes in demand for crude oil, refined
products and natural gas liquids that we store and distribute;
changes in operating conditions and costs; changes in the level of
environmental remediation spending; potential equipment
malfunction; potential labor issues; the legislative or regulatory
environment; plant construction/repair delays; nonperformance by
major customers or suppliers; and political and economic
conditions, including the impact of potential terrorist acts and
international hostilities. These and other applicable risks and
uncertainties have been described more fully in SXL’s Annual Report
on Form 10-K filed with the SEC on February 26, 2016, and in SXL’s
subsequent SEC filings. SXL undertakes no obligation to update any
forward-looking statements in this release, whether as a result of
new information or future events.
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version on businesswire.com: http://www.businesswire.com/news/home/20160926006521/en/
For Sunoco Logistics Partners:MediaJeffrey Shields,
215-977-6056orInvestorsPeter Gvazdauskas, 215-977-6322
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