Sunoco LP launches $1B senior notes offering to redeem 6% notes due 2026-2027

Sunoco LP

Offering $500M each of 2031 and 2034 senior notes; proceeds plus revolver borrowings will redeem NuStar 6% 2026 and Sunoco 6% 2027 notes.
NuStar 2026 notes redemption expected March 9, 2026; Sunoco 2027 notes redemption expected March 30, 2026, contingent on closing.
As of Feb 23, 2026: $500M cash, $338M revolver outstanding, $2.1B additional borrowing capacity.
Pro forma 2025 net loss attributable to common units of $75M (diluted EPS -$0.55) after Parkland Acquisition adjustments.
Offering is private, Rule 144A/Reg S; proceeds may temporarily repay revolver before redeeming Sunoco 2027 notes.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.