and Sunoco FinanceCorp. registered $600 million of senior notes for a planned exchange offer ofnotes issued in a July 20, 2015, private offering.
Sunoco intendsto exchange the 2015 notes for new 5.500% senior notes due 2020, which aresubstantially identical to the old notes except that they are registered,according to a July 15 SEC registration filing.
Theexchange offer is part of Sunoco's obligations under its registration rightsagreement for the 2015 private offering. Thus, Sunoco does not expect toreceive new proceeds from the offer.
Theexchange notes will mature Aug. 1, 2020, with interest payable semiannually onFeb. 1 and Aug. 1 of each year beginning Feb. 1, 2016. The notes will beguaranteed on a senior basis by all of Sunoco's subsidiaries that guarantee the partnership'sobligations under its revolving credit facility and term loan facility; as wellas certain of the partnership's future subsidiaries.
No tenderdate and expiration date have been released yet for the offer.