Sunoco Logistics Partners (SXL) Prices 21M Common Offering at $27/Unit

September 27, 2016 5:58 AM EDT

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Sunoco Logistics Partners L.P. (NYSE: SXL), announced that it has priced its previously announced underwritten public offering of 21,000,000 common units at $27.00 per unit. The underwriter of this common unit offering has been granted a 30-day option to purchase up to 3,150,000 additional common units. The offering was made pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the “SEC”). SXL intends to use the net proceeds from this offering to fund a portion of the purchase price for the previously announced acquisition of an integrated crude oil business in West Texas from Vitol Inc. (the “Acquisition”). This offering is not conditioned on the consummation of the Acquisition. If the Acquisition is not consummated, SXL intends to use the net proceeds from this offering for general partnership purposes.

Barclays Capital Inc. is acting as the sole underwriter of the offering.

A copy of the prospectus supplement and the accompanying prospectus related to this offering may be obtained from the following address:

Barclays Capital Inc.

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847


You may also obtain these documents for free when they are available by visiting EDGAR on the SEC’s website at

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Corporate News, Equity Offerings

Related Entities

Barclays, Crude Oil, S3, Definitive Agreement, Equity Offerings

Add Your Comment