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Sunoco Logistics subsidiary closes $550M offering of senior notes

SunocoLogistics Partners Operations LP completed its public of $550 million of3.90% senior notes due 2026.

The net proceeds will be used to repay outstandingborrowings under its $2.50 billion revolving credit facility and for generalpartnership purposes, according to SunocoLogistics Partners LP's July 12 SEC filing.

Mizuho Securities USA Inc., BNP Paribas Securities Corp.,SunTrust Robinson Humphrey Inc. and Wells Fargo Securities LLC acted asrepresentatives of the underwriters in the transaction.