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Sunoco to sell $500M of senior notes in private offering

Energy Transfer LP subsidiary Sunoco LP plans to sell $500 million of senior notes due 2027 in a private offering.

Net proceeds from the offering would be used to pay off some of the outstanding borrowings under Sunoco's $1.5 billion revolving credit facility, according to a March 11 news release. Sunoco Finance Corp., a subsidiary of Sunoco, will be co-issuer of the notes.

Sunoco distributes motor fuel to dealers, customers and distributors in more than 30 states.