DALLAS, Nov. 19, 2018 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) ("Sunoco") announced today that it has further extended
the expiration date for its previously announced exchange offers
relating to its outstanding 4.875% Senior Notes due 2023 (the "2023
Notes"), 5.500% Senior Notes due 2026 (the "2026 Notes") and 5.875%
Senior Notes due 2028 (the "2028 Notes" and, together with the 2023
Notes and the 2026 Notes, the "Notes"), which commenced on
October 12, 2018.
The registered exchange offers, which were scheduled to expire
at 5:00 p.m., New York City time, on November 16, 2018, have been extended until
5:00 p.m., New York City time, on November 30, 2018, unless further extended.
Holders of the Notes previously tendered for exchange have the
right to withdraw tenders of the Notes at any time prior to the
expiration of the exchange offers. As of November 16, 2018, holders of 99.94% of the
outstanding principal amount of the 2023 Notes, 99.88% of the
outstanding principal amount of the 2026 Notes and 99.75% of the
outstanding principal of the 2028 Notes had tendered their Notes in
the exchange.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master
limited partnership distributes motor fuel to approximately 10,000
convenience stores, independent dealers, commercial customers and
distributors located in more than 30 states. Sunoco's general
partner is owned by Energy Transfer Operating, L.P., a subsidiary
of Energy Transfer LP (NYSE: ET).
Cautionary Statement Relevant to Forward-Looking
Information
This press release may include certain
statements concerning expectations for the future that are
forward-looking statements as defined by federal law. 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. Sunoco undertakes no obligation to update or revise any
forward-looking statement to reflect new information or events.
The information contained in this press release is available on
our website at www.SunocoLP.com
Contacts
Investors:
Scott
Grischow
Senior Director – Investor Relations and Treasury
(214) 840-5660, scott.grischow@sunoco.com
Derek Rabe, CFA
Manager – Investor Relations, Growth and Strategy
(214) 840-5553, derek.rabe@sunoco.com
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SOURCE Sunoco LP