Sunoco plans to redeem all $600 million 5.5% notes due 2020 at 102.75

By Wendy Van Sickle

Columbus, Ohio, Oct. 10 – Sunoco LP has issued a notice to redeem all of its $600 million of 5.5% notes due 2020 at 102.75 plus accrued interest, according to a press release issued Tuesday evening.

The redemption is subject to the closing of the consummation of Sunoco's pending sale of approximately 1,112 company-operated retail fuel outlets to 7-Eleven, Inc., which is expected to occur in the fourth quarter of 2017.

Based in Dallas, Sunoco LP is a master limited partnership that operates 1,353 convenience stores and retail fuel sites and distributes motor fuel to 7,937 convenience stores, independent dealers, commercial customers and distributors in 30 states.

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