HOUSTON, March 23, 2015 /PRNewswire/ -- Sunoco LP
(NYSE: SUN) ("Sunoco") today announced a private offering of
$800 million of senior notes due 2023
(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 fund the cash
consideration for its acquisition of a 31.58% membership interest
in Sunoco, LLC (the "Acquisition") from a wholly owned subsidiary
of Energy Transfer Partners, L.P. (NYSE: ETP) and repay outstanding
borrowings under its senior secured revolving credit facility.
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.
About Sunoco LP
Sunoco LP is a master limited
partnership (MLP) that primarily distributes motor fuel to
convenience stores, independent dealers, commercial customers and
distributors. Sunoco also operates more than 150 convenience stores
and retail fuel sites. Sunoco's general partner is a wholly
owned subsidiary of ETP. While primarily engaged in natural gas,
natural gas liquids, crude oil and refined products transportation,
ETP also operates a retail business with a network of more than
5,500 company or independently operated retail fuel outlets and
convenience stores through its wholly owned subsidiaries, Sunoco,
Inc. and Stripes LLC.
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 numbers 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
Investors:
Scott Grischow
Director – Investor Relations and Treasury
(361) 884-2463, scott.grischow@susser.com
Anne Pearson
Dennard-Lascar Associates
(210) 408-6321, apearson@dennardlascar.com
Media:
Jeff Shields, Communications
Manager
(215) 977-6056, jpshields@sunocoinc.com
Jessica Davila-Burnett, Public
Relations Director
(361) 654-4882, jessica.davila-burnett@susser.com
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SOURCE Sunoco LP