Sunoco Logistics Partners prices public offering of common units

Sunoco Logistics Partners LP

Sunoco Logistics Partners LP (NYSE: SXL) has priced its public offering of 7,700,000 common units at $48.46 per unit. The underwriters of this common unit offering have been granted an option to purchase up to 1,155,000 additional common units.

The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.5 billion revolving credit facility and for general partnership purposes.

Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, JP Morgan, Morgan Stanley, UBS Investment Bank, and Wells Fargo Securities are acting as the joint book-running managers. Baird and Stifel are acting as co-managers for the common unit offering.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...