---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-125272"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:22:42.231400+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sunoco LP issues $1.5B of senior notes to finance NuStar merger

## Summary
- $750M of 7.000% Senior Notes due 2029 and $750M of 7.250% Senior Notes due 2032 issued.
- Net proceeds of ~$1.485M after discounts used to repay NuStar debt and redeem NuStar preferred units.
- Notes subject to special mandatory redemption at 100% if NuStar merger not closed by April 22, 2025 or terminated.
- Notes are senior unsecured obligations, guaranteed by current and certain future subsidiaries.
- Interest payable semi-annually on May 1 and Nov 1, commencing Nov 1, 2024.

## SEC filing metadata
- accession: 0001193125-24-125272
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312524125272/0001193125-24-125272-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312524125272/d779007d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-125272
- JSON: https://secwatch.observer/filing/0001193125-24-125272.json
- Plain text: https://secwatch.observer/filing/0001193125-24-125272.txt

## Key facts
- Debt Financings
  Sunoco LP incurred senior notes of $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 with U.S. Bank Trust Company, National Association at 7.000% maturing May 1, 2029.
  - Instrument: senior notes
  - Principal: $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.000%
  - Maturity: May 1, 2029
  - Event: incurrence
  source text: On April 30, 2024, Sunoco LP (NYSE: SUN) (the “Partnership”) completed a private offering to eligible purchasers (the “Notes Offering”) of (i) $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 (the “2029 Notes”) and (ii) $750 million in aggregate principal amount of its 7.250% Senior Notes due 2032 (the “2032 Notes”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000119312524125272/0001193125-24-125272-index.htm
- Debt Financings
  Sunoco LP incurred senior notes of $750 million in aggregate principal amount of its 7.250% Senior Notes due 2032 with U.S. Bank Trust Company, National Association at 7.250% maturing May 1, 2032.
  - Instrument: senior notes
  - Principal: $750 million in aggregate principal amount of its 7.250% Senior Notes due 2032
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 7.250%
  - Maturity: May 1, 2032
  - Event: incurrence
  source text: On April 30, 2024, Sunoco LP (NYSE: SUN) (the “Partnership”) completed a private offering to eligible purchasers (the “Notes Offering”) of (i) $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 (the “2029 Notes”) and (ii) $750 million in aggregate principal amount of its 7.250% Senior Notes due 2032 (the “2032 Notes”
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000119312524125272/0001193125-24-125272-index.htm
- Material Agreements
  Sunoco LP entered into Indenture with U.S. Bank Trust Company, National Association valued at $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 (the “2029 Notes”) an (effective 2024-04-30).
  - Action: entry
  - Agreement: notes offering
  - Counterparty: U.S. Bank Trust Company, National Association
  - Value: $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 (the “2029 Notes”) an
  - Effective: 2024-04-30
  source text: On April 30, 2024, Sunoco LP (NYSE: SUN) (the “Partnership”) completed a private offering to eligible purchasers (the “Notes Offering”) of (i) $750 million in aggregate principal amount of its 7.000% Senior Notes due 2029 (the “2029 Notes”) and (ii) $750 million in aggregate principal amount of its 7.250% Senior Notes due 2032 (the “2032 Notes” and, collectively with the 2029 Notes, the “Notes”), along with the related guarantees of the Notes.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000119312524125272/0001193125-24-125272-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.