Sunoco LP launches $1.7B senior notes offering and $1B preferred equity offering to fund Parkland acquisition

Sunoco LP

• Sunoco announces private offering of $850M senior notes due 2031 and $850M senior notes due 2034.
• Also launches offering of 1,000,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units at $1,000/unit.
• Net proceeds from both offerings will fund a portion of cash consideration for Parkland Acquisition and related costs.
• As of Aug 25, 2025, Sunoco had $72M cash, $250M revolver borrowings, and $1.207B available capacity.
• After Parkland Acquisition, ~$3.8B of Parkland's existing indebtedness expected to remain outstanding.