Sunoco offers $750M senior notes; to acquire European terminals for less than €500M

Sunoco LP

$750M senior notes due 2033 offered; proceeds to redeem NuStar 5.75% notes due 2025 and repay revolver.
Agreement to acquire two Bermuda entities with 15 fuel terminals in Germany and one in Poland for <€500M; closing expected Q2 2025.
As of March 18, 2025: $2M cash, $537M revolver borrowings (excl. $56M letters of credit), $907M additional capacity.
Pro forma 2024 net income to common unitholders $621M, diluted EPS $4.55, reflecting NuStar merger and West Texas sale.

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