(Corrects first bullet and paragraph 5 to clarify that the
company will list either on the NYSE or the Nasdaq)
* To list units under ticker symbol "SUSP"
* BofA Merrill Lynch, Barclays to underwrite IPO
June 22 Susser Petroleum Partners LP filed with
U.S. regulators on Friday to raise up to $200 million in an
initial public offering of common stock.
The limited partnership, formed by Susser Holdings
Corporation, distributes motor fuels.
BofA Merrill Lynch and Barclays will underwrite the IPO, the
Houston-based company said in a filing with the U.S Securities
and Exchange Commission.
The filing did not reveal how many common units the company
plans to sell or their expected price.
The company intends to list its common stock under the
symbol "SUSP" either on the New York Stock Exchange or the
The proceeds from the offering will be used to repay certain
capital expenditures to Susser Holdings Corporation, and to buy
about $147 million of securities that will be used as collateral
to secure a new term loan.
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.
(Reporting by Sharanya Hrishikesh in Bangalore; Editing by