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January 23, 2026
Sidley Represents Initial Purchasers in Sunoco LP’s High Yield Notes Offering

1 min
AI-made summary
- Sidley advised the initial purchasers in a high-yield Rule 144A notes offering by Sunoco LP, involving US$500 million of 7.000% Senior Notes due 2028
- Sunoco plans to use the net proceeds to repay part of its outstanding borrowings under a US$1.5 billion revolving credit facility
- Sunoco LP operates as a master limited partnership focused on motor fuel distribution and refined product transportation across more than 40 U.S
- states and territories.
Sidley represented the initial purchasers in connection with a high-yield Rule 144A notes offering by Sunoco LP (Sunoco) of US$500 million aggregate principal amount of 7.000% Senior Notes due 2028. Sunoco intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its existing US$1.5 billion revolving credit facility. Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets. The Sidley team was led by partners Jon Daly (Energy and Infrastructure) and Johnny Skumpija (Capital Markets), with assistance from Tanner Groce (Energy and Infrastructure), Alan Williams (Energy and Infrastructure), Walter Deere (Energy and Infrastructure), Heather Palmer (Environmental), Greta Carlson (Environmental), Angela Richards (Tax), and Aaron Mitchell (Tax).~~Sidley represented the initial purchasers in connection with a high-yield Rule 144A notes offering by Sunoco LP (Sunoco) of US$500 million aggregate principal amount of 7.000% Senior Notes due 2028. Sunoco intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under its existing US$1.5 billion revolving credit facility. Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets. The Sidley team was led by partners Jon Daly (Energy and Infrastructure) and Johnny Skumpija (Capital Markets), with assistance from Tanner Groce (Energy and Infrastructure), Alan Williams (Energy and Infrastructure), Walter Deere (Energy and Infrastructure), Heather Palmer (Environmental), Greta Carlson (Environmental), Angela Richards (Tax), and Aaron Mitchell (Tax).
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