8-K - Sunoco LP | StockGist

AI Analysis

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Sunoco LP announced the pricing of an upsized $1.2 billion private offering of 5.375% senior notes due 2031 and 5.625% senior notes due 2034, expected to settle on March 9, 2026. Proceeds will be used to redeem NuStar Logistics L.P.’s 6.000% senior notes due 2026 and Sunoco’s 6.000% senior notes due 2027, with remaining proceeds for general partnership purposes.

Key Takeaways

1Priced $600 million 5.375% senior notes due 2031 at 100%

2Priced $600 million 5.625% senior notes due 2034 at 100%

3Offering upsized from initial $500 million each tranche

4Settlement expected March 9, 2026

5Redeem NuStar 2026 Notes on March 9, 2026 at 100.000% plus accrued interest

6Redeem Sunoco 2027 Notes on March 30, 2026 at 100.000% plus accrued interest, conditioned on Notes Offering closing

Current Report Details

Event Type

Regulation Fd

Disclosure

Voluntary

Variant

8-K

Items Reported

7.01

by reference. Also on February 26, 2026, the Partnership issued notices of redemption with respect to NuStar Logistics, L.P.’s 6.000% senior notes due 2026 (the

Regulation Fd

9.01

Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press Release, dated February 26, 2026, announcing the pricing of the Notes Off

Exhibits Only

Transaction Details

Debt / Financing

Instrument: senior notes
Principal: $600 million
Rate: 5.375%
Maturity: 2031
Use of Proceeds: redeem NuStar 2026 Notes and Sunoco 2027 Notes, general partnership purposes including repayment of revolving credit facility

Exhibits (2)

8-K

99.1

EX-99.1