HOUSTON, July 15, 2015 /PRNewswire/ -- Sunoco LP (NYSE:
SUN) (the "Partnership") today announced that it has commenced a
registered underwritten public offering of 5,500,000 common units
representing limited partner interests in the Partnership, pursuant
to an effective shelf registration statement on Form S-3 previously
filed with the Securities and Exchange Commission (the "SEC"). The
Partnership expects to grant the underwriters a 30-day option to
purchase up to 825,000 additional common units. The Partnership
intends to use the net proceeds from the offering, and from the
underwriters' exercise of their option to purchase additional
common units, if applicable, to repay borrowings outstanding under
its revolving credit facility and for general partnership purposes.
The Partnership intends to use borrowings under its revolving
credit facility, along with the net proceeds from the concurrent
private placement of $500 million of
aggregate principal amount of senior notes due 2020, to fund the
cash consideration in its pending acquisition of 100% of the issued
and outstanding shares of Susser Holdings Corporation.
Morgan Stanley, BofA Merrill Lynch, UBS Investment Bank, Wells
Fargo Securities, Citigroup, Credit Suisse, Deutsche Bank
Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan,
Raymond James, RBC Capital Markets
and Baird are acting as joint
book-running managers of the offering. Ladenburg Thalmann is acting
as co-manager of the offering.
The offering may be made only by means of a prospectus
supplement and accompanying base prospectus meeting the
requirements of Section 10 of the Securities Act of 1933, as
amended. A copy of the prospectus supplement and accompanying base
prospectus meeting such requirements may be obtained from:
Morgan
Stanley
Attn: Prospectus
Department
180 Varick Street,
2nd Floor
New York, NY
10014
|
BofA Merrill
Lynch
222 Broadway, New
York, NY 10038
Attn: Prospectus
Department
Email:
dg.prospectus_requests@baml.com
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UBS Investment
Bank
Attn: Prospectus
Department
1285 Avenue of the
Americas
New York, NY
10019
(888)
827-7275
|
Wells Fargo
Securities
Attn: Equity
Syndicate Dept.
375 Park Avenue, New
York, NY 10152
Telephone:
1-800-326-5897
Email:
cmclientsupport@wellsfargo.com
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Citigroup
c/o Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
Telephone: (800)
831-9146
Email:
prospectus@citi.com
|
Credit
Suisse
Attn: Prospectus
Department
One Madison
Avenue
New York, NY
10010
Email:
newyork.prospectus@credit-suisse.com
Telephone: 1 (800)
221-1037
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Deutsche Bank
Securities
Attn: Prospectus
Group
60 Wall
Street
New York, NY
10005-2836
(800)
503-4611
prospectus.cpdg@db.com
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Goldman, Sachs
& Co.
Prospectus
Department
200 West
Street
New York, NY
10282
Telephone:
1-866-471-2526
Email:
prospectus-ny@ny.email.gs.com
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Jefferies
Attn: Equity
Syndicate Prospectus Department
520 Madison Avenue,
2nd Floor
New York, NY
10022
Telephone: (877)
547-6340
Email:
prospectus_department@jefferies.com
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J.P.
Morgan
Attn: Broadridge
Financial Solutions
1155 Long Island
Avenue
Edgewood, NY
11717
Phone: (866)
803-9204
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Raymond
James
880 Carillon
Parkway
St. Petersburg,
Florida 33716
(800)
248-8863
prospectus@raymondjames.com
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RBC Capital
Markets
ATTN: Equity
Syndicate
Three World Financial
Center
200 Vesey St., 8th
Floor
New York, NY
10281-8089
Phone: (877)
822-4089
Email:
equityprospectus@rbccm.com
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Robert W. Baird
& Co. Inc.
Attention: Syndicate
Department
777 E. Wisconsin
Avenue
Milwaukee, WI
53202
Telephone:
800-792-2473
Email:
syndicate@rwbaird.com
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You may also obtain these documents for free, when they are
available, by visiting the SEC's website at www.sec.gov.
This press release shall 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 state or jurisdiction.
About Sunoco LP
Sunoco LP (NYSE: SUN) is a master limited partnership (MLP) that
primarily distributes motor fuel to convenience stores, independent
dealers, commercial customers and distributors. SUN also operates
more than 150 convenience stores and retail fuel sites. SUN
conducts its business through wholly owned subsidiaries, as well as
through its 31.58 percent interest in Sunoco, LLC, in partnership
with an affiliate of its parent company, Energy Transfer
Partners. While primarily engaged in natural gas, natural gas
liquids, crude oil and refined products transportation, ETP also
operates a retail and fuel distribution business through its
interest in Sunoco, LLC, as well as wholly owned subsidiaries,
Sunoco, Inc. and Stripes LLC that operate approximately 1,100
convenience stores and retail fuel sites.
Cautionary Statement Relevant to Forward-Looking
Information
This press release includes forward-looking statements regarding
future events. These forward-looking statements are based on the
Partnership'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 the prospectus supplement and
accompanying base prospectus. While the Partnership 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.
CONTACT:
Investors:
Scott Grischow
Director - Investor Relations and Treasury
(361) 884-2463, scott.grischow@sunoco.com
Anne Pearson
Dennard-Lascar Associates, LLC
(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@sunoco.com
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SOURCE Sunoco LP