Sunoco Logistics Partners Operations, a unit of Sunoco Logistics Partners, is selling $600 million in a two-part notes offering. The $300 million 10-year notes, sold with a coupon of 4.65% will mature on Feb. 15, 2022, while the other $300 million 30-year notes will mature on Feb. 15, 2042.
The proceeds will be used to pay back loans under the company’s $395 million revolving credit facility and for general partnership purposes. Barclays Capital and Citigroup Global Markets are the joint book-runners, while Wells Fargo Securities, RBS Securities and TD Securities (U.S.A.) are senior co-managers. Mizuho Securities U.S.A., Mitsubishi UFJ Securities, UBS Securities, Scotia Capital (U.S.A.), PNC Capital Markets, Deutsche Bank Securities and U.S. Bancorp Investments will co-manage the offering.
Click here for the release from Business Wire.