Sunoco LP Announces Purchase of NuStar Preferred Units and Full Redemption of NuStar Logistics Subordinated Notes
Sunoco LP Announces Purchase of NuStar Preferred Units and Full Redemption of NuStar Logistics Subordinated Notes
DALLAS, May 3, 2024 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN" or the "Partnership") today announced that, on June 3, 2024 (the "Redemption Date"), (a) SUN will purchase all outstanding units of (i) 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") representing limited partner interests in NuStar Energy L.P., a Delaware limited partnership and subsidiary of SUN ("NuStar"), (ii) 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series B Preferred Units") representing limited partner interests in NuStar and (iii) 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series C Preferred Units" and, collectively with the Series A Preferred Units and the Series B Preferred Units, the "Preferred Units"), representing limited partner interests in NuStar, in each case pursuant to the Eighth Amended and Restated Agreement of Limited Partnership of NuStar, dated as of July 20, 2018, as amended to date, with the final cash distribution for the Preferred Units to be paid on May 31, 2024 to holders of the Preferred Units as of the close of business on May 15, 2024 (the "Record Date"); and (b) NuStar Logistics, L.P., a Delaware limited partnership and subsidiary of SUN ("Logistics"), will redeem all of Logistics' outstanding 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043 (CUSIP No. 67059T204, the "Notes") issued pursuant to the First Supplemental Indenture, dated as of January 22, 2023 (the "First Supplemental Indenture"), among Logistics, NuStar, NuStar Pipeline Operating Partnership L.P., a Delaware limited partnership (the "Affiliate Guarantor"), and Computershare Trust Company, N.A., as successor trustee (the "Trustee") to Wells Fargo Bank, National Association, to the Indenture, dated as of January 22, 2013 (the "Base Indenture" and, together with the First Supplemental Indenture, the "Original Indenture"), among Logistics, NuStar and the Trustee. SUN entered into the Second Supplemental Indenture, dated as of May 3, 2024 (the "Second Supplemental Indenture" and, together with the Original Indenture, the "Indenture"), with Logistics, NuStar, the Affiliate Guarantor and the Trustee to assume the due and punctual payment of the principal of, premium, if any, and interest on the Notes, and the due and punctual performance or observance of all the other obligations under the Original Indenture to be performed or observed by Logistics.
達拉斯，2024年5月3日 /PRNewswire/ — Sunoco LP（紐約證券交易所代碼：SUN）（“SUN” 或 “合夥企業”）今天宣佈，在2024年6月3日（“贖回日”），（a）SUN將購買（i）8.50％的A系列固定至浮動利率累計可贖回永久優先單位（“A系列優先單位”）的所有已發行單位，代表Nuco有限合夥人的權益 Star Energy L.P. 是特拉華州的有限合夥企業，也是SUN（“NuStar”）的子公司，(ii) 7.625% 的B系列固定至浮動利率累計可贖回永久優先單位（“B系列優先單位”））代表有限合夥人在NuStar中的權益，以及（iii）代表NuStar有限合夥人權益的9.00％的C系列固定至浮動利率累計可贖回永久優先單位（“C系列優先單位”，以及A系列優先單位和B系列優先單位統稱爲 “優先單位”），均根據截至2018年7月20日的NuStar有限合夥企業第八次修訂和重述協議，經迄今爲止修訂，優先單位的最終現金分配將於2024年5月31日支付致截至2024年5月15日營業結束時優先單位的持有人；以及 (b) 特拉華州有限合夥企業兼SUN（“物流”）子公司NuStar Logistics, L.P. 將贖回物流根據第一補充契約發行的2043年到期的所有未償還的7.625％固定至浮動利率次級票據（CUSIP編號：67059T204，“票據”），截止2023年1月22日（“第一份補充契約”），由Logistics、NuStar、特拉華州有限合夥企業NuStar Pipeline運營合夥企業L.P.（“附屬公司”）簽訂擔保人”）和北卡羅來納州Computershare信託公司作爲富國銀行全國協會的繼任受託人（“受託人”），該契約的日期爲2013年1月22日，Logistics、NuStar和受託人（“基本契約”，連同第一補充契約，“原始契約”）。SUN與Logistics、NuStar、關聯擔保人和受託人簽訂了日期爲2024年5月3日的第二份補充契約（“第二份補充契約”，與原始契約一起稱爲 “契約”），承擔到期和準時支付票據的本金、溢價（如果有）和利息，以及到期和準時的履約或遵守情況根據原始契約應由物流履行或遵守的所有其他義務。
The redemption price for the Preferred Units (the "Preferred Units Redemption Price") will be equal to $25.00 per each Preferred Unit for the purchased Preferred Units on the Redemption Date, less any applicable tax withholding as required by law.
優先單位的兌換價格（“優先單位兌換價格”）將等於兌換日購買的優先單位的每個優先單位25.00美元，減去法律要求的任何適用的預扣稅。
A final cash distribution with an amount equal to all unpaid distributions thereon from November 25, 2016 to the Redemption Date (whether or not such distributions shall have been declared), totaling $6,064,256.64, or approximately $0.6693 per each Series A Preferred Unit, will be paid on May 31, 2024 to holders of the Series A Preferred Units as of the close of business on the Record Date.
截至記錄日營業結束時，將於2024年5月31日向A系列優先單位的持有人支付總額爲6,064,256.64美元，約合每股A系列優先單位0.6693美元的最終現金分配，金額等於2016年11月25日至贖回日的所有未付分配（無論是否申報此類分配）。
A final cash distribution with an amount equal to all unpaid distributions thereon from April 28, 2017 to the Redemption Date (whether or not such distributions shall have been declared), totaling $9,371,095.07, or approximately $0.6085 per each Series B Preferred Unit, will be paid on May 31, 2024 to holders of the Series B Preferred Units as of the close of business on the Record Date.
截至記錄日營業結束時，將於2024年5月31日向B系列優先單位的持有人支付總額爲9,371,095.07美元，約合每股B系列優先單位0.6085美元的最終現金分配，金額等於其所有未付分配（無論是否申報此類分配）。
A final cash distribution with an amount equal to all unpaid distributions thereon from November 30, 2017 to the Redemption Date (whether or not such distributions shall have been declared), totaling $4,661,111.00, or approximately $0.6755 per each Series C Preferred Unit, will be paid on May 31, 2024 to holders of the Series C Preferred Units as of the close of business on the Record Date.
截至記錄日營業結束時，將於2024年5月31日向C系列優先單位的持有人支付總額爲4,661,111.00美元，約合每股C系列優先單位0.675美元的最終現金分配，金額等於其所有未付分配（無論是否申報此類分配）。
On the Redemption Date, the Preferred Units Redemption Price will become due and payable upon each purchased Preferred Unit, and distributions on the Preferred Units will cease to accrue on and after the Redemption Date.
在兌換之日，優先單位的兌換價格將到期並按購買的每筆優先單位支付，優先單位的分配將在兌換之日及之後停止累積。
Paying Agent of the Preferred Units and its name and address is:
優先單位的付款代理人及其名稱和地址是：
By Mail or Express Delivery:
Computershare Trust Company, N.A.
150 Royall Street, Suite 101
Canton, MA 02021
Attention: Corporate Actions, COY: VLI
通過郵件或快遞配送：
北卡羅來納州計算機共享信託公司
皇家街 150 號，101 號套房
馬薩諸塞州坎頓 02021
注意：公司行動，COY：VLI
The redemption price for the Notes called for redemption will be equal to 100.000% of the principal amount (the "Notes Redemption Price"), plus accrued and unpaid interest, if any, to the Redemption Date in accordance with the terms of the Notes and the Indenture. On the Redemption Date, the Notes Redemption Price will become due and payable upon each redeemed Note, and interest on the Notes will cease to accrue on and after the Redemption Date.
根據票據和契約的條款，需要贖回的票據的贖回價格將等於本金的100.000％（“票據贖回價格”），加上截至贖回日的應計和未付利息（如果有）。在贖回之日，票據贖回價格將到期並在每張已兌換票據上支付，票據的利息將在贖回日及之後停止累計。
Paying Agent of the Notes and its name and address is:
票據的付款代理人及其名稱和地址是：
Regular Mail, Registered & Certified Mail, Courier or In Person by Hand:
Computershare Trust Company, N.A.
Corporate Trust Operations
1505 Energy Park Drive
St. Paul, MN 55108
普通郵件、掛號和掛號郵件、快遞或親自遞送：
北卡羅來納州計算機共享信託公司
企業信託業務
1505 能源公園大道
明尼蘇達州聖保羅 55108
Additional information concerning the terms and conditions of the purchase of the Preferred Units and the redemption of the Notes announced herein is contained in the notice distributed to holders of the Preferred Units and to holders of the Notes. Beneficial holders with any questions about the purchase of the Preferred Units and the redemption of the Notes announced herein should contact their respective brokerage firm or financial institution.
有關購買優先單位和本文宣佈的票據兌換條款和條件的更多信息包含在分發給優先單位持有人和票據持有人的通知中。受益持有人對購買優先單位和兌換此處宣佈的票據有任何疑問，應聯繫各自的經紀公司或金融機構。
Sunoco LP (NYSE: SUN) is a leading energy infrastructure and fuel distribution master limited partnership operating across 47 U.S. states, Puerto Rico, Europe, and Mexico. The Partnership's midstream operations include an extensive network of approximately 9,500 miles of pipeline and over 100 terminals. This critical infrastructure complements the Partnership's fuel distribution operations, which serve approximately 10,000 convenience stores, independent dealers, commercial customers, and distributors. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).
Sunoco LP（紐約證券交易所代碼：SUN） 是一家領先的能源基礎設施和燃料分銷總有限合夥企業，業務遍及美國 47 個州、波多黎各、歐洲和墨西哥。該夥伴關係的中游業務包括由大約9,500英里的管道和100多個碼頭組成的龐大網絡。這一關鍵基礎設施補充了該夥伴關係的燃料分銷業務，後者爲大約10,000家便利店、獨立經銷商、商業客戶和分銷商提供服務。SUN的普通合夥人歸Energy Transfer LP（紐約證券交易所代碼：ET）所有。
Forward-Looking Statements
前瞻性陳述
This news release may include certain statements concerning expectations for the future that are forward-looking statements as defined by federal law. Such forward-looking statements are subject to a variety of known and unknown risks, uncertainties, and other factors that are difficult to predict and many of which are beyond management's control. An extensive list of factors that can affect future results are discussed in the Partnership's Annual Report on Form 10-K and other documents filed from time to time with the Securities and Exchange Commission. The Partnership undertakes no obligation to update or revise any forward-looking statement to reflect new information or events.
本新聞稿可能包括某些有關未來預期的陳述，這些陳述是聯邦法律定義的前瞻性陳述。此類前瞻性陳述受各種已知和未知的風險、不確定性以及其他難以預測的因素的影響，其中許多因素是管理層無法控制的。合夥企業的10-K表年度報告以及不時向美國證券交易委員會提交的其他文件中討論了可能影響未來業績的廣泛因素。合夥企業沒有義務更新或修改任何前瞻性陳述以反映新的信息或事件。
The information contained in this press release is available on our website at
本新聞稿中包含的信息可在我們的網站上查閱
Contacts
聯繫人
Investors:
Scott Grischow, Treasurer, Senior Vice President – Finance
(214) 840-5660, [email protected]
投資者：
Scott Grischow，財務主管、財務高級副總裁
(214) 840-5660，[電子郵件保護]
Media:
Vicki Granado, Vice President – Media & Communications
(214) 981-0761, [email protected]
媒體：
Vicki Granado，媒體與傳播副總裁
(214) 981-0761，[電子郵件保護]
SOURCE Sunoco LP
來源 Sunoco LP
譯文內容由第三人軟體翻譯。