Sunoco closes $1.5 billion five-year amended, restated revolver

By Wendy Van Sickle

Columbus, Ohio, July 27 – Sunoco LP amended and restated its $1.5 billion revolving credit agreement with a syndicate of lenders led by Bank of America Merrill Lynch, according to a news release.

The credit facility includes an accordion feature that provides flexibility to increase the credit facility up to an additional $750 million, subject to additional lender commitments.

The revolver matures in July 2023.

Outstanding borrowings bear interest at Libor plus a margin ranging from 125 basis points to 225 bps.

Sunoco is a Houston-based wholesale distributor of motor fuels, retailer of motor fuels and operator of convenience stores.

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