Sunoco Logistics Partners (SXL) Commences Two Million Share Offering

Sunoco Logistics Partners L.P. (NYSE: SXL), has commenced a public offering of 2,000,000 common units pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters have been granted an option to purchase up to 300,000 additional common units.

The Partnership intends to use the net proceeds from this offering to reduce the indebtedness outstanding under its wholly-owned subsidiary, Sunoco Logistics Partners Operations L.P.'s, $400 million revolving credit facility and for general partnership purposes.

Sunoco Logistics Partners L.P. is a master limited partnership formed to acquire, own and operate refined product and crude oil pipelines and terminal facilities. [SM]