Sunoco draws on revolver for terminalling business acquisition

By Wendy Van Sickle

Columbus, Ohio, Dec. 20 – Sunoco LP drew down on its revolving credit facility to fund a portion of its acquisition of the refined products terminalling business from American Midstream Partners, LP, which it bought for about $125 million plus working capital adjustments.

Sunoco also used cash on hand to fund a portion of the acquisition.

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

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