priced a sale of $550 million of SunocoLogistics Partners Operations LP senior notes at 99.696% of parvalue.
The offeringof 3.90% senior notes due 2026, maturing July 15, 2026, is expected to yieldabout $544 million in net proceeds, which would be used to repay outstandingborrowings under its $2.50 billion revolving credit facility and for generalpartnership purposes.
The sale isscheduled to close July 12, subject to customary closing conditions, accordingto a July 7 news release.
MizuhoSecurities USA Inc., BNP Paribas Securities Corp., SunTrust Robinson HumphreyInc., Wells Fargo Securities LLC, BBVA Securities Inc., Citizens CapitalMarkets Inc., Deutsche Bank Securities Inc., SMBC Nikko Securities AmericaInc., TD Securities (USA) LLC and U.S. Bancorp Investments Inc. are jointbook-running managers, and Comerica Securities Inc. and DNB Markets Inc. areco-managers for the offering.