Sunoco to help fund Susser purchase with revolver borrowings

By Tali Rackner

Norfolk, Va., July 15 – Sunoco LP plans to use borrowings under its revolving credit facility along with proceeds from a senior note offering to fund the cash consideration for its acquisition of all issued and outstanding shares of capital stock of Susser Holdings Corp. from two wholly owned subsidiaries of Energy Transfer Partners, LP, according to a press release.

Houston-based Sunoco is a master limited partnership that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. It also operates convenience stores and retail fuel sites.

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