debt
confidence high
sentiment positive
materiality 0.75
Sunoco LP prices $1.2B senior notes offering at 5.375% and 5.625%; upsized from $1B
Sunoco LP
- Priced $600M 5.375% senior notes due 2031 and $600M 5.625% senior notes due 2034, upsized from $500M each.
- Sale expected to settle March 9, 2026; net proceeds to redeem NuStar 6.000% notes due 2026 and Sunoco 6.000% notes due 2027.
- Redemption of NuStar 2026 Notes scheduled for March 9, 2026; Sunoco 2027 Notes on March 30, 2026 (conditional on closing).
- Proceeds after redemptions to be used for general partnership purposes, including repayment of credit facility borrowings.
- Refinancing reduces interest cost from 6.000% to ~5.5% blended rate.