Sunoco Logistics Partners (SXL) Prices 2.2 Common Unit Offering at $68.85/Unit
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Sunoco Logistics Partners L.P. (NYSE: SXL) today announced the pricing in an underwritten public offering of 2,200,000 common units owned by its general partner, Sunoco Partners LLC, an indirect wholly-owned subsidiary of Sunoco, Inc. The General Partner has priced the common units at $68.85 per unit. The underwriters have been granted an option to purchase up to 330,000 common units.
The Partnership will not receive any of the proceeds from this offering and the Partnership's number of outstanding units will remain unchanged. The offering will be made under the Partnership's effective shelf registration statement on Form S-3, as amended, filed with the Securities and Exchange Commission.
Barclays Capital, Citi, Credit Suisse and Wells Fargo Securities are acting as joint book-running managers for the common unit offering.
The Partnership will not receive any of the proceeds from this offering and the Partnership's number of outstanding units will remain unchanged. The offering will be made under the Partnership's effective shelf registration statement on Form S-3, as amended, filed with the Securities and Exchange Commission.
Barclays Capital, Citi, Credit Suisse and Wells Fargo Securities are acting as joint book-running managers for the common unit offering.
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