HOUSTON, April 4, 2016 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) ("Sunoco") today announced a private offering of
$500 million of senior notes due 2021
(the "Notes"). 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 to repay a
portion of the Term Loan A, which was entered into to finance a
portion of the cash consideration for the acquisition of the
remaining 68.42% interest in Sunoco, LLC and 100% interest in
Sunoco Retail LLC, the legacy Sunoco convenience store
business.
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.
This press 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.
Sunoco LP (NYSE: SUN) is a master limited partnership
that operates approximately 1,340 convenience stores and retail
fuel sites and distributes motor fuel to convenience stores,
independent dealers, commercial customers and distributors located
in 30 states at approximately 6,800 sites. Our parent -- Energy
Transfer Equity, L.P. (NYSE: ETE) -- owns SUN's general partner and
incentive distribution rights.
Cautionary Statement Relevant to Forward-Looking
Information
This press release includes forward-looking statements regarding
future events. These forward-looking statements are based on
Sunoco's current plans and expectations and involve a number of
risks and uncertainties that could cause actual results and events
to vary materially from the results and events anticipated or
implied by such forward-looking statements. For a further
discussion of these risks and uncertainties, please refer to the
"Risk Factors" section of Sunoco's most recently filed annual
report on Form 10-K and in other filings made by Sunoco with the
Securities and Exchange Commission. While Sunoco may elect to
update these forward-looking statements at some point in the
future, it specifically disclaims any obligation to do so, even if
new information becomes available in the future.
Contacts
Scott Grischow, Director –
Investor Relations and Treasury
(361) 884-2463, scott.grischow@sunoco.com
Dennard-Lascar Associates
Anne Pearson
(210) 408-6321, apearson@dennardlascar.com
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SOURCE Sunoco LP