Sunoco LP Announces Upsizing and Pricing of Private Oering of
DALLAS, Nov. 9, 2020 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") today announced that it has priced at
100% an upsized private oering (the "oering") of $800 million in aggregate principal amount of 4.500% senior
notes due 2029 (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 November 24, 2020, subject to the satisfaction of
customary closing conditions.
Sunoco intends to use the net proceeds from the oering and borrowings under its revolving credit facility to fund
the separately announced tender oer for any and all of its outstanding 4.875% senior notes due 2023 (the "2023
notes") and, if applicable, a partial redemption of the 2023 notes.
The oering 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 oered 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 oer and sell the notes only to persons
reasonably believed to be qualied 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 oer to sell nor a solicitation of an oer to buy the notes or any other securities
and shall not constitute an oer to sell or a solicitation of an oer to buy, or a sale of, the notes or any other
securities in any jurisdiction in which such oer, solicitation or sale is unlawful, nor does it constitute a notice of
redemption under the optional redemption provisions of the indenture governing the 2023 notes.
About Sunoco LP
Sunoco LPis 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 rened product transportation and terminalling assets. SUN's general partner is
owned by Energy Transfer Operating, L.P., a wholly owned subsidiary of Energy Transfer LP (NYSE: ET).
This news release may include certain statements concerning expectations for the future that are forward-looking
statements as dened by federal law, including without limitation statements regarding the tender oer and the
concurrent debt nancing. Such forward-looking statements are subject to a variety of known and unknown risks,
uncertainties, and other factors that are dicult to predict and many of which are beyond management's control.
An extensive list of factors that can aect 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