has an impressive legacy of growth, profitability and operational excellence. The overall transaction is
compelling in that the price represents an approximate 7x run-rate EBITDA multiple. Additionally, most of the
cash flow is expected to constitute qualifying income.
"Aloha Petroleum will allow us to expand our current geographic footprint and extend our overall business
capabilities into refined products terminals. We see the integration of terminals, retail and wholesale
operations within Aloha as a strong platform in Hawaii as well as a model for the expansion of our overall core
business. On behalf of our Partnership, I would like to extend a very warm welcome to Aloha Petroleum's
management team, employees and customers," Owens said.
Both transactions are expected to close in the fourth quarter of 2014 and are subject to customary closing
conditions, required consents and other regulatory approvals.
New Revolving Credit Facility
Susser Petroleum Partners has closed a new revolving credit facility with a syndicate of banks that provides a
base $1.25 billion revolving credit facility and includes an accordion feature that provides flexibility to increase
the facility by an additional $250 million, subject to certain conditions. The facility matures in September 2019.
The expansion of the revolver from a current $400 million credit facility limit will allow the Partnership to
finance dropdowns and acquisitions and provide significant liquidity for ongoing organic growth.
Susser Petroleum Partners also plans to change its name to Sunoco LP and its ticker symbol to SUN. The
change in name and ticker symbol is intended to align the Partnership's legal and marketing name with that of
ETP's iconic brand, Sunoco. The Partnership is proud to be able to trade under the SUN symbol, which traded
on the New York Stock Exchange for almost 87 years until the sale of Sunoco to ETP in October 2012. The
change is expected to occur in the fourth quarter of 2014.
Susser Petroleum Partners LP (NYSE: SUSP) distributes approximately 1.7 billion gallons of motor fuel
annually to Stripes® and Sac-N-Pac™ convenience stores, independently operated consignment locations,
convenience stores and retail fuel outlets operated by independent operators and other commercial customers in
Texas, New Mexico, Oklahoma, Kansas and Louisiana.
Energy Transfer Partners, L.P. (NYSE: ETP) is a master limited partnership owning and operating one of
the largest and most diversified portfolios of energy assets in the United States. ETP currently owns and
operates approximately 35,000 miles of natural gas and natural gas liquids pipelines. ETP owns 100% of
Sunoco, Inc. with a network of over 5,000 Sunoco branded retail sites in 24 states, and 100% of Susser
Holdings Corporation, which operates over 640 convenience stores, primarily in Texas. ETP also owns 100%
of Panhandle Eastern Pipe Line Company, LP (the successor of Southern Union Company) and a 70% interest
in Lone Star NGL LLC, a joint venture that owns and operates natural gas liquids storage, fractionation and
transportation assets. ETP also owns the general partner, 100% of the incentive distribution rights, and
approximately 67.1 million common units in Sunoco Logistics Partners L.P. (NYSE: SXL), which operates a
geographically diverse portfolio of crude oil and refined products pipelines, terminalling and crude oil
acquisition and marketing assets. Additionally ETP owns the general partner, 100% of the incentive
distribution rights and approximately 50.2% of the limited partnership interests in Susser Petroleum Partners
LP, a wholesale fuel distributor. ETP's general partner is owned by ETE. For more information, visit the
Energy Transfer Partners, L.P. web site at www.energytransfer.com.