Sunoco LP extended the expiration of its offer to exchange up to $2.2 billion of its unregistered senior notes for the same amount of registered senior notes.
The Energy Transfer LP unit's exchange offer, which was initially set to expire at 5 p.m. ET on Nov. 9, was extended to run until the same time on Nov. 16 unless further extended, according to a Nov. 12 news release.
The offer would include the exchange of $1 billion of 4.875% senior notes due 2023, $800 million of 5.5% senior notes due 2026 and $400 million of 5.875% senior notes due 2028 for the same amount of registered notes that would be substantially identical to the unregistered notes.
Holders of 99.94% of the 2023 notes, 99.88% of the 2026 notes and 99.75% of the 2028 notes had tendered their notes as of Nov. 9.
Sunoco distributes motor fuel to convenience stores, dealers and customers in more than 30 states.
