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Sunoco upsizes, prices $600M senior notes private offering

Sunoco LP upsized its private offering of 6.000% senior notes due 2027 to $600 million, from $500 million, and priced it at 100%, according to a March 11 news release.

The Energy Transfer LP subsidiary plans to use net proceeds from the offering to pay off some of the outstanding borrowings under its $1.5 billion revolving credit facility. Sunoco's direct subsidiary Sunoco Finance Corp. will be co-issuer of the notes in the offering.

The offering is scheduled to be settled on March 14.

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