SUNOCO LP (NYSE:SUN) Files An 8-K Regulation FD DisclosureItem 7.01. Regulation FD Disclosure.
On April 2, 2018, Sunoco LP (the “Partnership”) issued a press release announcing the completion of the conversion of its 207 retail sites located in certain West Texas, Oklahoma and New Mexico markets to a single commission agent.
On April 3, 2018, the Partnership issued a press release announcing the execution of a definitive agreement to purchase certain wholesale fuel distribution and terminal assets from Superior Plus Corporation for approximately $40 million plus working capital adjustments. The acquisition issubject to customary closing conditions and is expected to closeinApril 2018.
A copy of the press releases are set forth in Exhibit 99.1 and Exhibit 99.2 and are incorporated herein by reference. In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 and Exhibit 99.2 are deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Cautionary Statement Relevant to Forward-Looking Information
This Current Report on Form8-K includes forward-looking statements regarding future events. These forward-looking statements are based on the Partnership’s current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially from the results and events anticipated or implied by such forward-looking statements. For a further discussion of these risks and uncertainties, please refer to the “Risk Factors” section of the Partnership’s most recently filed Annual Report on Form 10-K and in other filings made by the Partnership with the Securities and Exchange Commission. While the Partnership may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, even if new information becomes available.
Item 9.01. Financial Statements and Exhibits.
EXHIBIT INDEX
See the Exhibit Index set forth below for a list of exhibits included with this Form 8-K.
Sunoco LP ExhibitEX-99.1 2 ex991-20180402.htm EXHIBIT 99.1 Exhibit Exhibit 99.1News ReleaseSunoco LP Completes Its Conversion of West Texas Retail Sites to Commission Agent ModelDALLAS,…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.