DALLAS, Oct. 5, 2021 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) ("Sunoco") today announced a private offering (the
"offering") of senior notes due 2030 and senior notes due 2032
(together, the "notes") in an aggregate principal amount of
$800 million. Sunoco Finance Corp., a wholly owned direct
subsidiary of Sunoco, will serve as co-issuer of the notes.
Sunoco intends to use the net proceeds from the offering and
cash on hand to fund the separately announced tender offer for any
and all of its outstanding 5.500% senior notes due 2026 (the "2026
notes") and, if applicable, a redemption of the 2026 notes.
The offering of the notes has not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or any
state securities laws and, unless so registered, the notes may not
be offered or sold in the United
States except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the
Securities Act and applicable state securities laws. Sunoco plans
to offer and sell the notes only to persons reasonably believed to
be qualified institutional buyers pursuant to Rule 144A under the
Securities Act and to non-U.S. persons in transactions outside
the United States pursuant to
Regulation S under the Securities Act.
This news release is neither an offer to sell nor a solicitation
of an offer to buy the notes or any other securities and shall not
constitute an offer to sell or a solicitation of an offer to buy,
or a sale of, the notes or any other securities in any jurisdiction
in which such offer, solicitation or sale is unlawful, nor does it
constitute a notice of redemption under the optional redemption
provisions of the indenture governing the 2026 notes.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership with core
operations that include the distribution of motor fuel to
approximately 10,000 convenience stores, independent dealers,
commercial customers and distributors located in more than 30
states as well as refined product transportation and terminalling
assets. Sunoco's general partner is owned by Energy Transfer LP
(NYSE: ET).
Forward-Looking Statements
This news release may include certain statements concerning
expectations for the future that are forward-looking statements as
defined by federal law, including without limitation statements
regarding the offering and the concurrent tender offer. Such
forward-looking statements are subject to a variety of known and
unknown risks, uncertainties, and other factors that are difficult
to predict and many of which are beyond management's control. An
extensive list of factors that can affect future results are
discussed in Sunoco's Annual Report on Form 10-K and other
documents filed from time to time with the Securities and Exchange
Commission. In addition to the risks and uncertainties previously
disclosed, Sunoco has also been, or may in the future be, impacted
by new or heightened risks related to the COVID-19 pandemic and the
recent instability in commodity prices, and Sunoco cannot predict
the length and ultimate impact of those risks. Sunoco undertakes no
obligation to update or revise any forward-looking statement to
reflect new information or events.
Contacts
Scott Grischow
Vice President – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com
James Heckler
Director – Investor Relations and Corporate Finance
(214) 840-5415, james.heckler@sunoco.com
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SOURCE Sunoco LP