Sunoco Logistics (SXL) Commences 1.75M Unit Offering

Sunoco Logistics Partners L.P. (NYSE: SXL), announced that it has commenced a public offering of 1,750,000 common units pursuant to an effective shelf registration statement on Form S-3, as amended, previously filed with the Securities and Exchange Commission. The underwriters will be granted an option to purchase up to 262,500 additional common units. The Partnership intends to use the net proceeds from this offering to reduce indebtedness outstanding under its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P.'s, $395 million revolving credit facility.

Barclays Capital and UBS Investment Bank are acting as joint book-running managers for the common unit offering.

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