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Sunoco Logistics Partners L.P. Announces Pricing Of $1 Billion Of Senior Notes

Stock quotes in this article: SXL

Sunoco Logistics Partners L.P. (NYSE: SXL) today announced the pricing of $300 million aggregate principal amount of 4.25 percent senior notes due 2024 and $700 million aggregate principal amount of 5.30 percent senior notes due 2044 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P. (the “Operating Partnership”). The sale of the senior notes is expected to settle on April 3, 2014, subject to customary closing conditions. The Operating Partnership intends to use the net proceeds of approximately $989 million to repay outstanding borrowings under its $1.50 billion revolving credit facility and for general partnership purposes.

The 4.25 percent senior notes due 2024, maturing on April 1, 2024, were sold to the public at 99.774 percent of par value, and the 5.30 percent senior notes due 2044, maturing on April 1, 2044, were sold to the public at 99.836 percent of par value.

RBS Securities Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, BBVA Securities Inc., DNB Markets, Inc. and SunTrust Robinson Humphrey, Inc. are joint book-running managers for the senior notes offering. Comerica Securities, Inc. and Scotia Capital (USA) Inc. are co-managers for the senior notes offering. The offering is being made by means of a prospectus and a related prospectus supplement, copies of which may be obtained from the following addresses:

RBS Securities Inc.600 Washington BoulevardStamford, CT 06901Attention: Debt Capital Markets SyndicateTelephone: (866) 884-2071

Barclays Capital Inc.c/o Broadridge Integrated Distribution Services1155 Long Island AvenueEdgewood, NY, 11717Telephone: (888) 603-5847Email: barclaysprospectus@broadridge.com

J.P. Morgan Securities LLC383 Madison AvenueNew York, New York 10179Attention: Investment Grade Syndicate Desk – 3 rd FloorTelephone: (212) 834-4533

You may also obtain these documents free of charge when they are available by visiting EDGAR on the Security and Exchange Commission’s (“SEC”) website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering is made pursuant to an effective shelf registration statement and prospectus filed by SXL with the SEC.

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