Sunoco LP Announces Upsizing and Pricing of Private
Offering of Senior Notes Due 2021
HOUSTON, April 4, 2016 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has priced at
100% an upsized private offering of $800 million in aggregate principal amount of 6.25% senior notes due 2021 (the
"notes"). This represents a $300 million increase in the original offering amount. Sunoco Finance Corp., a wholly
owned direct subsidiary of Sunoco, will serve as co-issuer of the notes. The sale of the notes is expected to settle on
April 7, 2016, subject to the satisfaction of customary closing conditions.
Sunoco intends to use the net proceeds from the offering to repay a portion of the borrowings outstanding under
its term loan 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 (NYSE: SUN) is a master limited partnership that operates approximately 1,340 convenience stores and