Sunoco LP closes $1.2B senior notes offering, redeems higher-rate debt

Sunoco LP

Issued $600M of 5.375% notes due 2031 and $600M of 5.625% notes due 2034 in private offering.
Net proceeds of ~$1.1875B after discounts and expenses.
Proceeds to redeem NuStar Logistics 6% notes due 2026 and Sunoco 6% notes due 2027.
Remaining proceeds for general partnership purposes, may repay revolver borrowings.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Sunoco LP entered into Indenture with U.S. Bank Trust Company, National Association, as trustee valued at $1,200 million aggregate principal amount of Senior Notes (5.375% due 2031 and 5.625% due 2034) (effective 2026-03-09).

Action: entry
Agreement: notes offering
Counterparty: U.S. Bank Trust Company, National Association, as trustee
Value: $1,200 million aggregate principal amount of Senior Notes (5.375% due 2031 and 5.625% due 2034)
Effective: 2026-03-09

Exact text from the filing

On March 9, 2026, Sunoco LP (NYSE: SUN) (the “ Partnership ”) completed a private offering to eligible purchasers (the “ Notes Offering ”) of (i) $600 million in aggregate principal amount of its 5.375% Senior Notes due 2031 (the “ 2031 Notes ”) and (ii) $600 million in aggregate principal amount of its 5.625% Senior Notes due 2034 (the “ 2034 Notes ” and, collectively with the 2031 Notes, the “ Notes ”), along with the related guarantees of the Notes.

View on SEC.gov

319 material agreements filed in the last 30 days. Browse all material agreements →

Sunoco LP filing history →

Source: SEC EDGAR

accession 0001193125-26-098465

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.