{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-130842","form_type":"8-K","ticker":"SUN","cik":"0001552275","company_name":"Sunoco LP","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.932688+00:00","generated_at":"2026-06-02T23:08:31.511516+00:00","sec_items":["1.01","2.01","8.01","2.03","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sunoco completes NuStar merger; each NuStar unit converted to 0.400 Sunoco unit","bullets":["Merger closed May 3, 2024; NuStar common units exchanged for 0.400 Sunoco common units per unit.","Sunoco entered a new $1.5B revolving credit facility expiring May 2029, with accordion up to $2.0B.","Sunoco indirectly assumed $2.25B NuStar senior notes (5.75%-6.375%) and ~$322M GoZone bonds (5.85%-6.35%).","NuStar's $1.0B credit facility amended to remain outstanding for 60 days post-merger; Sunoco guaranteed.","NuStar's $100M receivables financing commitments reduced to $0 during a suspension period."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-130842","json":"https://secwatch.observer/filing/0001193125-24-130842.json","markdown":"https://secwatch.observer/filing/0001193125-24-130842.md","text":"https://secwatch.observer/filing/0001193125-24-130842.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1552275/000119312524130842/0001193125-24-130842-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1552275/000119312524130842/d817862d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:08:31.511516+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"92fdeee57fc9b5848bbed685ee8a611b43160d9d","claim":"Sunoco LP completed an acquisition involving NuStar Energy L.P. for .400 of a Common Unit representing limited partner interests in Sunoco per NuStar Common Unit (closed 2024-05-03).","evidence_excerpt":"ransactions contemplated by the Agreement and Plan of Merger (the “ Merger Agreement ”), dated January 22, 2024, by and among Sunoco, Saturn Merger Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Sunoco (“ Merger Sub ”), NuStar Energy L.P., a Delaware limited partnership (“ NuStar ”), Riverwalk Logistics, L.P., a Delaware limited partnership (the “ NuStar GP ”) and sole general partner of NuStar, NuStar GP, LLC, a Delaware limited liability company (“ NuStar Managing GP ”) and the sole general partner of the NuStar GP and Sunoco GP LLC, a Delaware limited liability company (the “ Sunoco GP ”) and sole general partner of Sunoco, pursuant to which Merger Sub merged with and into NuStar (the “ Merger ”), with NuStar surviving the Merger as the surviving entity and a subsidiary of Sunoco (the “ Surviving Entity ”).","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552275/000119312524130842/0001193125-24-130842-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"NuStar Energy L.P."},{"label":"Consideration","value":".400 of a Common Unit representing limited partner interests in Sunoco per NuStar Common Unit"},{"label":"Closing","value":"2024-05-03"}]},{"claim_id":"48c20351875777431d18440251480a2741deb994","claim":"Sunoco LP amended Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, swingline lender and an LC issuer; the lenders from time to time party thereto valued at $1.50 billion (effective 2024-05-03).","evidence_excerpt":"Third Amended and Restated Credit Agreement among Sunoco, as borrower, the lenders from time to time party thereto and Bank of America, N.A., as administrative agent, swingline lender and an LC issuer (the “ Sunoco Credit Agreement ”), which amended and restated Sunoco’s existing revolving credit facility entered into on April 7, 2022, was entered into on May 3, 2024.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552275/000119312524130842/0001193125-24-130842-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent, swingline lender and an LC issuer; the lenders from time to time party thereto"},{"label":"Value","value":"$1.50 billion"},{"label":"Effective","value":"2024-05-03"}]},{"claim_id":"9b17752322da4aa0abc82bb5617006c402de8b12","claim":"Sunoco LP amended Waiver Letter and Second Amendment to the NuStar Credit Agreement with Wells Fargo Bank, National Association (effective 2024-05-03).","evidence_excerpt":"On May 3, 2024, a Waiver Letter and Second Amendment to the NuStar Credit Agreement (as defined below) (the “ NuStar Waiver Letter ”), by Wells Fargo Bank, National Association and acknowledged and accepted by NuStar, NuStar Logistics, L.P., a Delaware limited partnership (“ NuStar Logistics ”), NuStar Pipeline Operating Partnership L.P., a Delaware limited partnership (“ NuPoP ”) and the lenders party thereto, was entered into.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1552275/000119312524130842/0001193125-24-130842-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Effective","value":"2024-05-03"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}