---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-198879"
form_type: "8-K"
ticker: "SUN"
cik: "0001552275"
company_name: "Sunoco LP"
filed_at: "2025-09-09T23:59:59+00:00"
generated_at: "2026-05-17T07:17:45.903635+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Sunoco LP issues 1.5M Series A preferred units at 7.875% for $1.5B gross proceeds

## Summary
- Gross proceeds of $1.5B from 1.5M 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units.
- Initial purchasers' discount of $22.5M; net proceeds approximately $1.4775B before other expenses.
- Settlement expected September 18, 2025, subject to customary closing conditions.
- Units have no voting rights and are not convertible into or exchangeable for other securities.

## SEC filing metadata
- accession: 0001193125-25-198879
- form_type: 8-K
- ticker: SUN
- cik: 0001552275
- company_name: Sunoco LP
- filed_at: 2025-09-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1552275/000119312525198879/0001193125-25-198879-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1552275/000119312525198879/d125892d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-198879
- JSON: https://secwatch.observer/filing/0001193125-25-198879.json
- Plain text: https://secwatch.observer/filing/0001193125-25-198879.txt

## Key facts
- Equity Issuances
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1552275/000119312525198879/0001193125-25-198879-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.