Sunoco LP Prices Senior Notes for NuStar Merger and Refinancing

Sunoco LP (SUN) has shared an update.

Sunoco LP has announced the pricing of its senior notes offering, in connection with a private offering and a pending merger with NuStar Energy L.P. This strategic financial move includes a series of refinancing and reorganization transactions, such as establishing a new $1.5 billion revolving credit facility and assuming NuStar’s debt obligations. The completion of the merger is not essential for the notes offering, but if the merger does not occur by a specified date, the notes will be subject to mandatory redemption. Investors and stakeholders are advised to read all relevant documents filed with the SEC for detailed information about the merger and its implications.

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