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Sunoco files to sell $300M common units

Sunoco LP registered for potential sale about $300 million of its common units, to be offered at prices and on terms that would depend on market conditions and other factors.

The Energy Transfer LP subsidiary may use the net proceeds from any sale of the units for general partnership purposes, including the repayment or repurchase of its debts, business acquisitions, other capital expenditures and additions to working capital, according to an Aug. 22 SEC filing.

Sunoco distributes motor fuel in more than 30 states and holds refined product transportation and terminaling assets.