debt
confidence high
sentiment neutral
materiality 0.50
Sunoco added as guarantor on ~$366M NuStar GoZone bonds after merger
Sunoco LP
- Sunoco LP and 14 subsidiaries added as additional guarantors on five series of St. James Parish GoZone bonds.
- Original aggregate principal of bonds: $56.2M (2008), $100M (2010), $50M (2010A), $85M (2010B), $75M (2011).
- Series 2008 bonds currently outstanding: $55.44M.
- Amendments dated July 15, 2024; follow Sunoco's May 3 acquisition of NuStar.
- No new debt issuance; integration step to align post-merger guarantee structure.