Sunoco LP Announces Denitive Agreement to
Acquire Rened Products Terminals From American
Midstream Partners LP
DALLAS, Nov. 15, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today the execution of a
denitive agreement to purchase the rened products terminalling business from American Midstream Partners,
LP (NYSE: AMID) for approximately $125 million plus working capital adjustments.
The rened products terminalling business consists of terminals located in Caddo Mills, Texas and North Little Rock,
Arkansas with a combined 21 tanks, approximately 1.3 million barrels of storage capacity and approximately 77,500
barrels per day of total throughput capacity.
The acquisition builds on Sunoco's strategy of adding fee-based rened product terminals into the overall
portfolio. The acquisition issubject to customary closing conditions including clearance under the Hart-Scott-
Rodino Act and is expected to closeinthe fourth quarter of 2018. The transactionis expected to be accretiveto
Sunocowith respect to distributable cash ow in the rst year.
About Sunoco LP
Sunoco LP (NYSE: SUN)is a master limited partnership that distributes motor fuel to approximately 10,000
convenience stores, independent dealers, commercial customers and distributors located in more than 30 states.
SUN's general partner is owned by Energy Transfer Operating, L.P., a subsidiary of Energy Transfer LP (NYSE: ET).