Sunoco LP Announces Pricing of Private Oering of Senior Notes
DALLAS, Oct. 5, 2021 /PRNewswire/ --Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has priced at
100% a private oering (the "oering") of $800million of 4.500% senior notes due 2030 (the "notes"). Sunoco
Finance Corp., a wholly owned direct subsidiary of Sunoco, will serve as co-issuer of the notes. The sale of the
notes is expected to settle on October 20, 2021, subject to the satisfaction of customary closing conditions.
Sunoco intends to use the net proceeds from the oering and cash on hand to fund the separately announced
tender oer for any and all of its outstanding 5.500% senior notes due 2026 (the "2026 notes") and, if applicable, a
redemption of the 2026 notes.
The oering 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 oered 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. Sunoco plans to oer and sell the notes only to persons
reasonably believed to be qualied institutional buyers pursuant to Rule 144A under the Securities Act and to
non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act.
This news release is neither an oer to sell nor a solicitation of an oer to buy the notes or any other securities
and shall not constitute an oer to sell or a solicitation of an oer to buy, or a sale of, the notes or any other
securities in any jurisdiction in which such oer, solicitation or sale is unlawful, nor does it constitute a notice of
redemption under the optional redemption provisions of the indenture governing the 2026 notes.
About Sunoco LP
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. Sunoco'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, including without limitation statements regarding the oering and the
concurrent tender oer. 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 Sunoco'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
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risks and uncertainties previously disclosed, Sunoco 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 Sunoco
cannot predict the length and ultimate impact of those risks. Sunoco undertakes no obligation to update or revise
any forward-looking statement to reect new information or events.
Contacts
Scott Grischow
Vice President Investor Relations and Treasury
(214) 840-5660,
scott.grischow@sunoco.com
James Heckler
Director Investor Relations and Corporate Finance
(214) 840-5415,
james.heckler@sunoco.com
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SOURCE Sunoco LP
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