Key Developments: Sunoco Logistics Partners LP (SXL)

SXL on New York Consolidated

51.13USD
21 Nov 2014
Price Change (% chg)

$0.16 (+0.31%)
Prev Close
$50.97
Open
$51.27
Day's High
$52.47
Day's Low
$50.61
Volume
3,948,374
Avg. Vol
721,202
52-wk High
$52.47
52-wk Low
$33.50

Search Stocks

Latest Key Developments (Source: Significant Developments)

Sunoco Logistics Partners LP announces pricing of $1 billion of senior notes
Wednesday, 12 Nov 2014 06:36pm EST 

Sunoco Logistics Partners LP:Announces pricing of $200 million aggregate principal amount of 4.250 pct. senior notes due 2024 and $800 million aggregate principal amount of 5.350 pct. senior notes due 2045 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P.Says the 4.250 pct. senior notes due 2024 are being offered as additional notes under an indenture pursuant to which the Operating Partnership issued $300 million aggregate principal amount of 4.250 pct. senior notes due 2024 on April 3, 2014.Says the new 4.250 pct. senior notes due 2024 and the existing 4.250 pct. senior notes due 2024 will be treated as a single series of securities under such indenture.Says the sale of the senior notes is expected to settle on Nov. 17, 2014.Says the operating partnership intends to use the net proceeds of about $990 million to repay outstanding borrowings under its $1.50 billion revolving credit facility and for general partnership purposes.  Full Article

Sunoco Logistics Partners LP announces offering of common units - Form 8-K
Thursday, 6 Nov 2014 04:45pm EST 

Sunoco Logistics Partners LP:Enters into an equity distribution agreement with RBC Capital Markets, LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, Barclays Capital Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co.Also with Jefferies LLC, J.P. Morgan Securities LLC, Mitsubishi UFJ Securities (USA), Inc., Mizuho Securities USA Inc., Morgan Stanley & Co. LLC, Scotia Capital (USA) Inc., SunTrust Robinson Humphrey, Inc., UBS Securities LLC and Wells Fargo Securities, LLC.Pursuant to the terms of the Agreement, the Partnership may sell from time to time through the Managers, the Partnership’s common units representing limited partner interests having an aggregate offering price of up to $1,000 mln.To use net proceeds, after deducting Managers’ commissions and offering expenses, for general partnership purposes, which may include repaying or refinancing all or a portion of the Partnership’s outstanding indebtedness and funding working capital, capital expenditures or acquisitions.  Full Article

Sunoco Logistics Partners LP prices public offering of common units
Wednesday, 17 Sep 2014 09:01am EDT 

Sunoco Logistics Partners LP:Prices public offering of 7,700,000 common units at $48.46 per unit.Underwriters of this common unit offering have been granted an option to purchase up to 1,155,000 additional common units.Offering was made pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission.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.  Full Article

Sunoco Logistics Partners LP announces public offering of common units
Tuesday, 16 Sep 2014 04:12pm EDT 

Sunoco Logistics Partners LP:Commences public offering of 7,700,000 common units.Underwriters will be granted an option to purchase up to 1,155,000 additional common units.Intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.5 bln revolving credit facility and for general partnership purposes.Arclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as the joint book-running managers for the common unit offering.  Full Article

Sunoco Logistics Partners LP raises cash distribution for second quarter
Thursday, 24 Jul 2014 04:15pm EDT 

Sunoco Logistics Partners LP:Declares cash distribution for second quarter 2014 of $0.365 per common unit to be paid on Aug. 14, 2014 to unit holders of record on Aug. 08, 2014.This represents five percent increase over first quarter 2014 cash distribution.  Full Article

Sunoco Logistics Partners LP gives FY 2014 revenue outlook below analysts' estimates
Tuesday, 6 May 2014 04:15pm EDT 

Sunoco Logistics Partners LP:Expects FY 2014 organic growth to be about $1.7 bln.FY 2014 revenue of $1.8 bln - Thomson Reuters I/B/E/S.  Full Article

Sunoco Logistics Partners LP declares cash distribution
Tuesday, 22 Apr 2014 08:00pm EDT 

Sunoco Logistics Partners LP:Declared a cash distribution of $0.6950 per common unit to be paid on May 15 to unit holders of record on May 9.  Full Article

Sunoco Logistics Partners LP announces pricing of $1 bln of senior notes
Monday, 31 Mar 2014 04:46pm EDT 

Sunoco Logistics Partners LP:Pricing of $300 mln aggregate principal amount of 4.25 pct senior notes due 2024 and $700 mln aggregate principal amount of 5.30 pct senior notes due 2044 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P.Sale of senior notes is expected to settle on April 3 subject to customary closing conditions.Operating partnership intends to use net proceeds of about $989 mln to repay outstanding borrowings under its $1.50 bln revolving credit facility and for general partnership purposes.RBS Securities Inc., Barclays Capital Inc., J.P. Morgan Securities LLC, PNC Capital Markets LLC, TD Securities (USA) LLC, BBVA Securities Inc., DNB Markets, Inc. and SunTrust Robinson Humphrey, Inc. are joint book-running managers.Comerica Securities, Inc. and Scotia Capital (USA) Inc. are co-managers.  Full Article

SunoCo Logistics Partners LP announces fifth consecutive 5 pct quarter over quarter distribution increase
Wednesday, 29 Jan 2014 06:29pm EST 

SunoCo Logistics Partners LP:Says it has declared a cash distribution for the fourth quarter 2013 of $0.6625 per common unit ($2.65 annualized) to be paid on Feb. 14 to unit holders of record on Feb. 10.  Full Article

SunoCo Logistics Partners LP Increases Distribution
Thursday, 25 Jul 2013 04:30pm EDT 

SunoCo Logistics Partners LP announced that it has declared a cash distribution for the second quarter 2013 of $0.60 per common unit ($2.40 annualized) to be paid on August 14, 2013 to unit holders of record on August 8, 2013. This represents a 5% increase over the first quarter 2013 cash distribution of $0.5725 per common unit ($2.29 annualized) and a 28% increase over the second quarter 2012 cash distribution of $0.47 per common unit ($1.88 annualized).  Full Article

RPT-Sunoco Logistics to build 2.4 million barrels of NGL storage in Philadelphia

NEW YORK, Nov 18 - Sunoco Logistics Partners is seeking Pennsylvania state approval to build cryogenic tanks that can store up to 2.4 million barrels of natural gas liquids at a facility outside of Philadelphia that the company is trying to remake into a manufacturing and export hub.

Search Stocks