Sunoco LP Announces Private Offering of Senior
Notes Due 2023
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