Sunoco Logistics Partners Prices Offering Of 13.50 Mln Units At $41.76/unit

(RTTNews) - Sunoco Logistics Partners L.P. (SXL) announced that it has priced its public offering of 13.50 million common units at $41.76 per unit. The underwriters of this common unit offering have been granted an option to purchase up to 2.025 million additional common units.

The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.5 billion revolving credit facility and for general partnership purposes.

Morgan Stanley, Barclays, BofA Merrill Lynch, UBS Investment Bank, Wells Fargo Securities, J.P. Morgan, Goldman, Sachs & Co., Credit Suisse, RBC Capital Markets and Jefferies are acting as the joint book-running managers for the common unit offering.