Sunoco LP, a Delaware limited partnership, entered into a purchase agreement on September 4, 2025, for the sale of 1,500,000 of its 7.875% Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units. The transaction involves Sunoco GP LLC and Initial Purchasers RBC Capital Markets, LLC, and Barclays Capital Inc. The Partnership will receive gross proceeds of $1.5 billion, with an Initial Purchasers' discount of $22.5 million, from the sale of these units. The units are not convertible into other securities and come with no voting rights except as noted in the partnership agreement or required by law.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunoco LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-198879), on September 09, 2025, and is solely responsible for the information contained therein.