Sunoco LP (NYSE:SUN) Files An 8-K Regulation FD DisclosureItem 7.01
The following information is furnished under Item 7.01, “Regulation FD Disclosure.” This information shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On October10, 2017, Sunoco LP (the “Partnership”) issued a press release announcing that the Partnership and Sunoco Finance Corp. had commenced consent solicitations (the “Consent Solicitations”) seeking consents from holders of their outstanding $800,000,000 aggregate principal amount of 6.250% Senior Notes due 2021 (the “2021 Notes”) and $800,000,000 aggregate principal amount of 6.375% Senior Notes due 2023 (the “2023 Notes” and, together with the 2021 Notes, the “Notes”) to amend the respective indentures governing the notes to, among other things, permit the consummation of the Partnership’s recently announced sale of company-operated retail fuel outlets to 7-Eleven, Inc. and the sale of the Partnership’s remaining company-operated retail assets located in the continental United States. The consents are being solicited from registered holders of the Notes as of the close of business on October6, 2017 to a Consent Solicitation Statement dated October10, 2017. The Consent Solicitations will expire at 5:00 p.m., New York City time, on October18, 2017, unless extended.A copy of the press release relating to the Consent Solicitations is attached hereto as Exhibit 99.1, and is incorporated herein by reference. The press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes.
Certain information regarding the Consent Solicitations is set forth in Exhibit 99.2 hereto and incorporated herein by reference.
Item 7.01 | Financial Statements and Exhibits. |
Sunoco LP ExhibitEX-99.1 2 d474461dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Sunoco LP and Sunoco Finance Corp. Announce Commencement of Consent Solicitations Relating to its 6.250% Senior Notes due 2021 and 6.375% Senior Notes due 2023 DALLAS,…To view the full exhibit click here
About Sunoco LP (NYSE:SUN)
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail. The Wholesale operations segment sells motor fuel to its retail segment and external customers. The Retail operations segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. It operates over 900 convenience stores and fuel outlets in over eight states. It distributes over 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers. Its retail convenience stores operate under brands, including Stripes and Aloha Island Mart.