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
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.
Scott Grischow
Director – Investor Relations and Treasury
(361) 884-2463,
Anne Pearson
Dennard-Lascar Associates
(210) 408-6321,
Jeff Shields , Communications Manager
(215) 977-6056,
Jessica Davila-Burnett , Public Relations Director
(361) 654-4882,
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