Sunoco LP Completes Acquisitions of Rened Products Terminals
from NuStar, L.P. and Cato Incorporated
DALLAS, Oct. 8, 2021 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") announced today the
completion of the previously announced acquisition of eight rened products terminals from NuStar Energy, L.P.
(NYSE: NS) for approximately $250 million. Also, on September 24, 2021 SUN completed the previously announced
acquisition of a rened products terminal from Cato Incorporated.
The transactions were funded with cash on hand and amounts available under SUN's revolving credit facility.
These accretive acquisitions signicantly expand SUN's midstream business and enhance its platform for fuel
distribution growth.
Sunoco LP (NYSE: SUN)is a master limited partnership with core operations that include the distribution of motor
fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors
located in more than 30 states as well as rened product transportation and terminalling assets. SUN's general
partner is owned by Energy Transfer LP (NYSE: ET).
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking
statements as dened by federal law. Such forward-looking statements are subject to a variety of known and
unknown risks, uncertainties, and other factors that are dicult to predict and many of which are beyond
management's control. An extensive list of factors that can aect future results are discussed in the Partnership's
Annual Report on Form 10-K and other documents led from time to time with the Securities and Exchange
Commission. In addition to the risks and uncertainties previously disclosed, the Partnership has also been, or
may in the future be, impacted by new or heightened risks related to the COVID-19 pandemic and the recent
instability in commodity prices, and we cannot predict the length and ultimate impact of those risks. The
Partnership undertakes no obligation to update or revise any forward-looking statement to reect new
information or events.
The information contained in this press release is available on our website at
www.SunocoLP.com
Contacts
Investors:
Scott Grischow, Vice President Investor Relations and Treasury
(214) 840-5660,
scott.grischow@sunoco.com
James Heckler, Director Investor Relations and Corporate Finance
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(214) 840-5415,
james.heckler@sunoco.com
Media:
Alexis Daniel, Manager Communications
(214) 981-0739,
alexis.daniel@sunoco.com
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SOURCE Sunoco LP
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