New York, July 15, 2015 -- Moody's Investors Service today assigned a Ba3 rating to Sunoco LP's ("SUN") proposed $500 million note offering. SUN's Ba2 Corporate Family Rating, Ba2-PD Probability of Default Rating and SGL-3 Speculative Grade Liquidity rating is unchanged. Additionally, the Ba3 rating of the company's existing senior unsecured notes is also unchanged. The rating outlook remains stable. The proceeds of the offering will be used to partially fund the consideration for the asset dropdown of Susser Holdings Corporation's ("SHC") retail assets into Susser Petroleum Property Co. LLC, a wholly owned subsidiary SUN from its general partner Energy Transfer Partners, L.P. ("ETP"). The remaining portion of the approximately $1.94 billion transaction will be funded through a combination of revolver borrowings and issuance of approximately $967 million in new SUN units to ETP. ETP acquired SHC in August 2014.

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