Justin Jenkins

Ned Baramov

Noah Katz

Spiro Dounis

Theresa Chen

Charles Douglas Bryant

Gabriel Moreen

Jeremy Tonet

- Sunoco LP issued **5.625% Senior Notes due 2031** and **5.875% Senior Notes due 2034** on **September 18, 2025**.  **[1552275_0001193125-25-207487_d936183dex41.htm:0]** **[1552275_0001193125-25-207487_d936183d8k.htm:2]** 
- The company also closed a private offering of **1,500,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units** on **September 18, 2025**, generating **approximately $1,476 million** in net proceeds.  **[1552275_0001193125-25-207487_d936183d8k.htm:5]** 
- The proceeds from both the Senior Notes and Preferred Offering are intended to fund a portion of the cash consideration for the **Parkland Acquisition**.  **[1552275_0001193125-25-207487_d936183d8k.htm:0]** **[1552275_0001193125-25-207487_d936183d8k.htm:5]** 
- Both the Senior Notes and Series A Preferred Units are subject to a **special mandatory redemption** if the Parkland Acquisition is not consummated by **May 5, 2026**, or if the acquisition agreement is terminated or deemed unlikely to be completed.  **[1552275_0001193125-25-207487_d936183d8k.htm:0]** **[1552275_0001193125-25-207487_d936183d8k.htm:2]** 
- The Series A Preferred Units entitle holders to certain rights that are **senior** to the rights of common unit holders.  **[1552275_0001193125-25-207487_d936183d8k.htm:5]**

Sunoco (SUN)