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DALLAS - Sunoco LP (NYSE: SUN), a master limited partnership involved in energy infrastructure and fuel distribution, announced today a private offering of $750 million in senior notes due 2033. The company aims to use the net proceeds to address its current debt obligations. This strategic debt management aligns with the company’s solid financial position, reflected in its Good Financial Health score according to InvestingPro analysis.
Specifically, Sunoco plans to allocate the funds from this offering to fully redeem the 5.750% senior notes due 2025 issued by NuStar Logistics, L.P., as well as to pay down a portion of its outstanding borrowings under its revolving credit facility. This strategic move is intended to streamline Sunoco’s debt profile.
The offering is not registered under the Securities Act of 1933, as amended, or any state securities laws. Consequently, the notes may only be sold to qualified institutional buyers in accordance with Rule 144A or to non-U.S. persons outside the United States under Regulation S, both under the Securities Act.
Sunoco LP has clarified that this press release does not constitute an offer to sell or a solicitation of an offer to buy the notes or any other securities. Moreover, the release is not a notice of redemption for the NuStar 2025 Notes.
Sunoco, with a network spanning over 40 U.S. states, Puerto Rico, Europe, and Mexico, operates approximately 14,000 miles of pipeline and more than 100 terminals. Energy Transfer LP (NYSE: ET), which owns the general partner of Sunoco, has demonstrated strong financial performance with $82.7 billion in revenue and maintains a robust 6.86% dividend yield. According to InvestingPro, ET has maintained dividend payments for 20 consecutive years, showcasing its commitment to shareholder returns.
The company’s announcement includes forward-looking statements, which are subject to various risks and uncertainties. Sunoco has stated it does not intend to update or revise these statements in light of new information or future events. For deeper insights into Energy Transfer’s financial health and extensive analysis of over 30 key metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
This news article is based on a press release statement from Sunoco LP.
In other recent news, Evertz Technologies reported its third-quarter earnings for fiscal year 2025, revealing an earnings per share (EPS) of $0.27, which fell short of the projected $0.37. The company achieved a revenue of $136.9 million, marking a 1% increase compared to the previous year. Despite the revenue growth, the earnings miss has raised concerns among investors. Evertz Technologies continues to focus on expanding its U.S. manufacturing capabilities to mitigate potential impacts from U.S.-Canada tariffs. The company has seen a decline in international revenue, which poses a challenge to its growth strategy. Analysts from Canaccord Genuity have expressed interest in how Evertz plans to address the potential tariff impacts and the company’s strategy for managing its manufacturing footprint. Meanwhile, Evertz Technologies maintains a robust cash position of $96.3 million and a working capital of $207.9 million. The company’s gross margin for the quarter was reported at 57.8%, remaining within its target range.
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