Sunoco Logistics Partners Announces Pricing Of $1 Bln Of Senior Notes

(RTTNews) - Sunoco Logistics Partners L.P. (SXL) on Monday announced the pricing of $300 million aggregate principal amount of 4.25% senior notes due 2024 and $700 million aggregate principal amount of 5.30% senior notes due 2044 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P.

The 4.25% senior notes due 2024, maturing on April 1, 2024, were sold to the public at 99.774% of par value, and the 5.30% senior notes due 2044, maturing on April 1, 2044, were sold to the public at 99.836% of par value.

The sale of the senior notes is expected to settle on April 3.

The operating partnership plans to use the net proceeds of about $989 million to repay outstanding borrowings under its $1.50 billion revolving credit facility and for general partnership purposes.