Sunoco LP prices $1.2 billion senior notes offering

Sunoco LP (NYSE: SUN) announced it has priced a private offering of $1.2 billion in senior notes, increasing the size from an initial $1 billion offering. The energy infrastructure partnership priced $600 million of 5.375% senior notes due 2031 and $600 million of 5.625% senior notes due 2034 at 100% of par value.

The sale is expected to settle on March 9, 2026, subject to customary closing conditions. Sunoco plans to use the net proceeds to redeem NuStar Logistics, L.P.'s 6.000% senior notes due 2026 and Sunoco's 6.000% senior notes due 2027. Remaining proceeds will be used for general partnership purposes, which may include repaying additional debt.

The notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S. The offering has not been registered under the Securities Act of 1933.

Sunoco operates energy infrastructure and fuel distribution across 32 countries and territories in North America, the Greater Caribbean, and Europe. The partnership maintains approximately 14,000 miles of pipeline and over 160 terminals, distributing over 15 billion gallons annually to approximately 11,000 retail locations.

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