debt
confidence high
sentiment neutral
materiality 0.55
Sunoco LP issues $1.0B of 6.250% Senior Notes due 2033 to refinance debt
Sunoco LP
- Issued $1.0B aggregate principal amount of 6.250% Senior Notes maturing July 1, 2033.
- Net proceeds of ~$989.5M after discounts and expenses.
- Proceeds to redeem NuStar Logistics 5.750% notes due 2025 and repay revolver borrowings.
- Senior unsecured notes guaranteed by certain subsidiaries; redeemable at par + make-whole prior to July 2028.