M&A
confidence high
sentiment neutral
materiality 0.70
Sunoco LP completes merger with NuStar Energy and adds guarantors to senior notes
Sunoco LP
- On May 31, 2024, Sunoco entered into six supplemental indentures to add subsidiaries as guarantors for its senior notes including 5.500% due 2026 and 5.875% due 2028.
- Also entered into Eleventh Supplemental Indenture to add Sunoco and subsidiaries as guarantors for NuStar's senior notes: 5.625% due 2027, 6.000% due 2026, 6.750% due 2025, 6.375% due 2030.
- The merger of NuStar into Sunoco was completed on May 3, 2024, as previously announced in January 2024.
- Sunoco GP LLC is the general partner; the filing includes items 1.01, 2.03, and 9.01.