Sunoco to partially repay term loan A via senior note offering proceeds

By Tali Rackner

Norfolk, Va., April 4 – Sunoco Finance Corp. plans to repay a portion of its term loan A with the proceeds from a Sunoco LP private offering of $500 million senior notes, according to a press release.

The term loan was entered into to finance a portion of the cash consideration for the acquisition of the remaining 68.42% interest in Sunoco, LLC and 100% interest in Sunoco Retail LLC, the legacy Sunoco convenience store business.

Sunoco is a Houston-based limited partnership engaged in fee-based wholesale distribution of motor fuels, the retail sale of motor fuels and the operation of convenience stores.

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