Sunoco to use new notes to pay down $1.5 billion revolver

Chicago, Sept. 13 – Sunoco LP will use the proceeds from a new offering of notes to repay a portion of the outstanding borrowings under the company’s existing $1.5 billion revolver, according to a company press release.

The company entered the Rule 144A and Regulation S market on Wednesday with a drive-by notes offering (Ba3//BB+).

Dallas-based Sunoco’s core operations include the distribution of motor fuel.

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