M&A - Sunoco LP

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: Update

Accession Number: 000119312525058347

Filing Summary: On March 20, 2025, Sunoco LP announced the commencement of a private offering of senior notes, referred to as the 'Notes Offering.' In conjunction with this offering, the Partnership revealed plans to acquire two Bermuda entities that own and operate terminal assets in Germany and Poland, which include 15 fuel terminals in Germany and one in Poland, for a total cash consideration of less than €500 million. The acquisition is anticipated to be funded using existing cash and borrowings from their revolving credit facility, with completion expected in the second quarter of 2025. The acquisition will be independent of the Notes Offering, which is not contingent upon the transaction. As of March 18, 2025, the Partnership reported having $2 million in cash and cash equivalents alongside approximately $537 million in outstanding borrowings on their revolving credit facility. Additional borrowing capacity is noted to be around $907 million. This report provides pro forma financial statements reflecting the operational changes from the recent acquisition of NuStar Energy L.P. and clarifies that the provided information does not constitute an offer to sell or a solicitation for buying any securities related to the Notes Offering.

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Form Type: 10-K

Filing Date: 2025-02-14

Corporate Action: Acquisition

Type: New

Accession Number: 000155227525000019

Filing Summary: This document details the 10-K filing for Sunoco LP for the fiscal year ended December 31, 2024. The company continues to engage in acquisitions, notably highlighting recent transactions involving NuStar acquisitions. This includes the acquisition of terminals and other assets, which are crucial for expanding operational capacity. The report also provides insights into significant financial metrics, operational areas including fuel distribution and pipeline systems, and future plans regarding distribution targets. The management emphasizes growth through strategic acquisitions, financial performance and outlines commitments to stakeholders. Key financial information is discussed, showcasing revenue trends and the impact of acquisitions on overall fiscal health.

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