Extracted from this filing and checked against the source text.
Equity Issuances
SEC 8-K Item 3.02/3.03
confidence 0.9
Sunoco LP issued aggregate 1,500,000 of the Partnership's 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units of preferred stock to RBC Capital Markets, LLC and Barclays Capital Inc., as representatives of the initial purchasers for gross proceeds of $1.5 billion.
- Security
- preferred stock
- Shares
- aggregate 1,500,000 of the Partnership's 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units
- Purchaser
- RBC Capital Markets, LLC and Barclays Capital Inc., as representatives of the initial purchasers
- Consideration
- gross proceeds of $1.5 billion
Exact text from the filing
On September 4, 2025, Sunoco LP, a Delaware limited partnership (the “ Partnership ”), entered into a purchase agreement (the “ Purchase Agreement ”), by and among the Partnership, Sunoco GP LLC, the general partner of the Partnership, and RBC Capital Markets, LLC and Barclays Capital Inc., as representatives of the initial purchasers (the “ Initial Purchasers ”) named on Schedule A to the Purchase Agreement. The Purchase Agreement provides for the offer and sale (the “ Preferred Offering ”) by the Partnership, and the purchase by the Initial Purchasers, of an aggregate 1,500,000 of the Partnership’s 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units (the “ Series A Preferred Units ”). The Partnership will receive gross proceeds of $1.5 billion from the sale of the Series A Preferred Units before deducting the Initial Purchasers’ discount of an aggregate $22.5 million and other estimated offering expenses.
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