Sunoco LP Announces Private Offering of Senior
Notes Due 2021
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.