priced its public offering of 21,000,000 common units at $27 per unit to helppay for its planned acquisitionof Vitol Group'sPermian Basin crude oil system.
Theunderwriter, Barclays Capital Inc., was granted a 30-day overallotment optionfor up to 3,150,000 additional units, according to a Sept. 26 news release.
The offeringis not conditioned on the completion of the acquisition. If the deal does notpush through, the net proceeds would be used for general partnership purposes.
SunocoLogistics common units closed at $29.16 on Sept. 26.