Sunoco LP (SUN): debt financing — Sunoco LP amends credit facility; $2.65B bridge debt and $3.4B backstop debt authorized for Parkland deal

Sunoco LP

LC sublimit increased to $250M; amendment permits $2.65B Parkland Acquisition Bridge Debt and $3.4B Backstop Bridge Debt.
$1.50B of prior debt financing commitments from Barclays Bank PLC and Royal Bank of Canada were terminated.
Parkland and its subsidiaries excluded from guarantee obligations where not permitted under existing debt or would cause material adverse tax consequences.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

Sunoco LP amended credit facility with Bank of America, N.A..

Instrument: credit facility
Counterparty: Bank of America, N.A.
Event: amendment

Exact text from the filing

The information set forth in Item 1.01 relating to the Amendment under the heading “Amendment to Credit Agreement” is hereby incorporated into this Item 2.03 by reference.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

Sunoco LP incurred credit facility of $1.50 billion with Barclays Bank PLC (and certain of its affiliates) and Royal Bank of Canada (and certain of its affiliates).

Instrument: credit facility
Principal: $1.50 billion
Counterparty: Barclays Bank PLC (and certain of its affiliates) and Royal Bank of Canada (and certain of its affiliates)
Event: incurrence

Exact text from the filing

In connection with the entry into the Amendment, $1.50 billion of the previously disclosed debt financing commitments provided by Barclays Bank PLC (and certain of its affiliates) and Royal Bank of Canada (and certain of its affiliates) terminated in accordance with the terms of such commitments.

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4 debt financings filed in the last 30 days. Browse all debt financings →

Sunoco LP filing history →

Source: SEC EDGAR

accession 0001193125-25-122657

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