Sunoco to repay $1.5 billion revolver due 2018 with new note offering

By Tali Rackner

Norfolk, Va., Nov. 12 – Sunoco Logistics Partners Operations LP plans to use the proceeds from two new senior note offerings to repay outstanding borrowings under its $1.5 billion revolving credit facility maturing in November 2018, according to a 424B3 filing with the Securities and Exchange Commission.

Proceeds will also be used for general partnership purposes.

As of Tuesday, there were $800 million of outstanding borrowings under the revolver.

The crude oil transportation, storage and sales company is based in Philadelphia.

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