Sunoco LP Announces Private Offering of Senior Notes
Sunoco LP (NYSE: SUN) has announced a private offering of $750 million in senior notes due 2033. The Partnership plans to utilize the net proceeds to address existing debt obligations, specifically by:
- Redeeming NuStar Logistics' 5.750% senior notes due 2025 in full
- Repaying a portion of outstanding borrowings under Sunoco's revolving credit facility
The notes offering will be restricted to qualified institutional buyers under Rule 144A and non-U.S. persons through Regulation S of the Securities Act. The offering has not been registered under the Securities Act of 1933 or state securities laws, limiting its availability to exempt transactions.
Sunoco LP (NYSE: SUN) ha annunciato un'offerta privata di 750 milioni di dollari in note senior con scadenza nel 2033. La Partnership prevede di utilizzare i proventi netti per affrontare le obbligazioni di debito esistenti, in particolare:
- Riscattare integralmente le note senior al 5,750% di NuStar Logistics con scadenza nel 2025
- Restituire una parte dei prestiti in essere sotto la linea di credito revolving di Sunoco
L'offerta di note sarà riservata a compratori istituzionali qualificati ai sensi della Regola 144A e a persone non statunitensi attraverso la Regolamentazione S del Securities Act. L'offerta non è stata registrata ai sensi del Securities Act del 1933 o delle leggi statali sui titoli, limitando la sua disponibilità a transazioni esenti.
Sunoco LP (NYSE: SUN) ha anunciado una oferta privada de 750 millones de dólares en notas senior con vencimiento en 2033. La sociedad planea utilizar los ingresos netos para hacer frente a las obligaciones de deuda existentes, específicamente:
- Redimir por completo las notas senior del 5,750% de NuStar Logistics con vencimiento en 2025
- Reembolsar una parte de los préstamos pendientes bajo la línea de crédito rotativo de Sunoco
La oferta de notas estará restringida a compradores institucionales calificados bajo la Regla 144A y a personas no estadounidenses a través de la Regulación S de la Ley de Valores. La oferta no ha sido registrada bajo la Ley de Valores de 1933 ni las leyes estatales de valores, limitando su disponibilidad a transacciones exentas.
Sunoco LP (NYSE: SUN)는 2033년에 만료되는 7억 5천만 달러 규모의 선순위 노트에 대한 사모 발행을 발표했습니다. 파트너십은 순수익을 기존 부채 의무를 해결하는 데 사용할 계획입니다. 구체적으로는:
- 2025년에 만료되는 NuStar Logistics의 5.750% 선순위 노트를 전액 상환
- Sunoco의 회전 신용 시설에 따른 미상환 대출의 일부 상환
노트 발행은 규칙 144A에 따른 자격을 갖춘 기관 투자자와 비미국인을 대상으로 하며, 증권법의 규정 S에 따라 제한됩니다. 이 발행은 1933년 증권법 또는 주 증권법에 따라 등록되지 않아 면세 거래로의 접근이 제한됩니다.
Sunoco LP (NYSE: SUN) a annoncé une offre privée de 750 millions de dollars en obligations senior arrivant à échéance en 2033. La société prévoit d'utiliser le produit net pour faire face à ses obligations de dette existantes, notamment :
- Racheter intégralement les obligations senior à 5,750% de NuStar Logistics arrivant à échéance en 2025
- Rembourser une partie des emprunts en cours dans le cadre de la facilité de crédit renouvelable de Sunoco
L'offre d'obligations sera réservée aux acheteurs institutionnels qualifiés conformément à la Règle 144A et aux personnes non américaines via la Réglementation S de la Loi sur les valeurs mobilières. L'offre n'a pas été enregistrée conformément à la Loi sur les valeurs mobilières de 1933 ou aux lois étatiques sur les valeurs mobilières, limitant ainsi sa disponibilité aux transactions exonérées.
Sunoco LP (NYSE: SUN) hat eine private Platzierung von 750 Millionen Dollar in Senior Notes mit Fälligkeit 2033 angekündigt. Die Partnerschaft plant, die Nettomittel zu verwenden, um bestehende Schuldenverpflichtungen zu bedienen, insbesondere durch:
- Die vollständige Einlösung der 5,750% Senior Notes von NuStar Logistics mit Fälligkeit 2025
- Die Rückzahlung eines Teils der ausstehenden Darlehen aus Sunocos revolvierendem Kreditrahmen
Das Angebot der Notes ist auf qualifizierte institutionelle Käufer gemäß Regel 144A und nicht-US-Personen gemäß Regulation S des Securities Act beschränkt. Das Angebot wurde nicht gemäß dem Securities Act von 1933 oder den staatlichen Wertpapiergesetzen registriert, was seine Verfügbarkeit auf steuerbefreite Transaktionen beschränkt.
- Debt refinancing strategy to address upcoming 2025 maturity
- Potential reduction in interest expenses through new debt structure
- Strengthening of balance sheet through debt management
- Increases long-term debt obligations through 2033
- offering accessibility due to private placement nature
Sunoco intends to use the net proceeds from the offering to repay indebtedness, including by redeeming in full NuStar Logistics, L.P.'s
The offering 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 offered or sold in
This news release is neither an offer to sell nor a solicitation of an offer to buy the notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Additionally, this news release shall not constitute a notice of redemption under the indenture governing the NuStar 2025 Notes.
About Sunoco LP
Sunoco LP (NYSE: SUN) is an energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states,
Forward-Looking Statements
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law, including without limitation statements regarding the offering. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in Sunoco's Annual Report on Form 10-K and any other documents filed from time to time with the Securities and Exchange Commission. Sunoco undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
Contacts
Scott Grischow
Treasurer, Senior Vice President – Finance
(214) 840-5660, scott.grischow@sunoco.com
Erik Gulbrandsen
Director – Investor Relations and Capital Markets
(214) 840-5684, erik.gulbrandsen@sunoco.com
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SOURCE Sunoco LP
FAQ
What is the size and purpose of Sunoco LP's (SUN) new senior notes offering in 2033?
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