Sunoco ( (SUN) ) has issued an update.
On March 20, 2025, Sunoco LP announced a private offering of senior notes amounting to $750 million, intended to repay existing debts, including the full redemption of NuStar Logistics’ 5.750% senior notes due 2025. Concurrently, Sunoco entered into an agreement to acquire two Bermuda entities managing fuel terminals in Germany and Poland for under €500 million, expected to close in the second quarter of 2025. This strategic acquisition and the notes offering are independent of each other, with the acquisition aimed at expanding Sunoco’s operational footprint in Europe.
More about Sunoco
Sunoco LP is an energy infrastructure and fuel distribution master limited partnership operating in over 40 U.S. states, Puerto Rico, Europe, and Mexico. It boasts an extensive network of approximately 14,000 miles of pipeline and over 100 terminals for midstream operations. Sunoco’s general partner is owned by Energy Transfer LP.
YTD Price Performance: 15.54%
Average Trading Volume: 487,441
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.92B
See more data about SUN stock on TipRanks’ Stock Analysis page.
Trending Articles:
Questions or Comments about the article? Write to editor@tipranks.com