Sunoco LP announced the pricing of an upsized private offering of senior notes.
The offering includes 5.625% senior notes due 2031 and 5.875% senior notes due 2034.
The total aggregate principal amount for both notes is $1.9 billion.
Offering Details
The offering was upsized from the initial size, indicating strong demand.
Use of Proceeds
Proceeds will fund the acquisition of Parkland Corporation and general corporate purposes.
Mandatory Redemption
Special conditions for redemption if the Parkland Acquisition is not completed by May 5, 2026.
- The successful pricing of the senior notes reflects investor confidence in Sunoco's growth prospects.
- This offering provides Sunoco with the necessary capital to support strategic acquisitions and business operations.
Sunoco LP's successful pricing of the senior notes demonstrates market trust in its growth strategies and financial stability.