Sunoco Logistics Partners L.P. (NYSE: SXL), announced that it has commenced a public offering of 7,700,000 common units pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters will be granted an option to purchase up to 1,155,000 additional common units. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.5 billion revolving credit facility and for general partnership purposes.
Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as the joint book-running managers for the common unit offering.
A copy of the prospectus supplement and the accompanying prospectus related to this offering may be obtained from the following addresses:
Barclays | Citigroup | ||
c/o Broadridge Financial Solutions | c/o Broadridge Financial Solutions | ||
1155 Long Island Avenue | 1155 Long Island Avenue | ||
Edgewood, NY, 11717 | Edgewood, NY 11717 | ||
Telephone: (888) 603-5847 | Telephone: (800) 831-9146 | ||
Email: prospectus@citi.com | |||
Credit Suisse | Deutsche Bank Securities | ||
Attn: Prospectus Department | Attention: Prospectus Group | ||
One Madison Avenue | 60 Wall Street | ||
New York, NY 10010 | New York, NY 10005 | ||
Telephone: (800) 221-1037 | Telephone: (800) 503-4611 | ||
Email: prospectus.CPDG@db.com | |||
Goldman, Sachs & Co. | Jefferies | ||
Attn: Prospectus Department | Attn: Equity Syndicate Prospectus Department | ||
200 West Street | 520 Madison Avenue, 12th Floor | ||
New York, NY 10282 | New York, NY 10022 | ||
Telephone: (866) 471-2526 | Telephone: (877) 547-6340 | ||
J.P. Morgan | Morgan Stanley | ||
c/o Broadridge Financial Solutions | Attn: Prospectus Department | ||
1155 Long Island Avenue | 180 Varick Street, 2nd Floor | ||
Edgewood, New York, 11717 | New York, NY 10014 | ||
Telephone: (866) 803-9204 | |||
UBS Investment Bank | Wells Fargo Securities | ||
Attn: Prospectus Dept. | Attn: Equity Syndicate Dept. | ||
299 Park Avenue | 375 Park Avenue | ||
New York, NY 10171 | New York, NY 10152 | ||
Telephone: (888) 827-7275 | Telephone: (800) 326-5897 | ||
This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of complementary crude oil, refined products, and natural gas liquids pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, refined products, and natural gas liquids. SXL’s general partner is a consolidated subsidiary of Energy Transfer Partners, L.P. (NYSE: ETP).
Portions of this document constitute forward-looking statements as defined by federal law. Although Sunoco Logistics Partners L.P. believes that the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements are inherently uncertain and necessarily involve risks that may affect the Partnership’s business prospects and performance causing actual results to differ from those discussed in the foregoing release. Such risks and uncertainties include, by way of example and not of limitation: whether or not the transactions described in the foregoing news release will be cash flow accretive; increased competition; changes in demand for crude oil, refined products and natural gas liquids that we store and distribute; changes in operating conditions and costs; changes in the level of environmental remediation spending; potential equipment malfunction; potential labor issues; the legislative or regulatory environment; plant construction/repair delays; nonperformance by major customers or suppliers; and political and economic conditions, including the impact of potential terrorist acts and international hostilities. These and other applicable risks and uncertainties have been described more fully in the Partnership’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2014, and in the Partnership’s subsequent Form 8-K and 10-Q filings. The Partnership undertakes no obligation to update any forward-looking statements in this release, whether as a result of new information or future events.
Contacts:
Jeffrey Shields (media), 215-977-6056
Peter
J. Gvazdauskas (investors), 215-977-6322