Sunoco LP has announced a private offering of senior notes, with a total principal amount of $1.7 billion, divided equally between notes due in 2031 and 2034. The company intends to use the proceeds from this offering to finance part of its acquisition of Parkland Corporation, as well as to cover related transaction costs. Prior to the acquisition's completion, Sunoco plans to use the funds to temporarily reduce borrowings under its revolving credit facility and manage associated interest and fees. This offering is independent of the Parkland acquisition and a separate preferred equity offering.
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 PR Newswire (Ref. ID: DA65600) on September 04, 2025, and is solely responsible for the information contained therein.