Sunoco Logistics Partners L.P. Announces Pricing of Senior Notes
For further information contact: For release: February 6, 2009 4:30 P.M.
Thomas Golembeski (media) 215-977-6298
Neal Murphy (investors) 215-977-6322
No. 4
SUNOCO LOGISTICS PARTNERS L.P. ANNOUNCES PRICING
OF SENIOR NOTES
PHILADELPHIA, February 6, 2009 – Sunoco Logistics Partners L.P. (NYSE:
SXL) announced that its wholly-owned subsidiary, Sunoco Logistics Partners Operations
L.P., priced $175 million of five-year senior notes, maturing on February 15, 2014, at
99.995 percent of par value. The senior notes will bear interest at 8.75 percent per annum.
This offering was made pursuant to an effective shelf registration statement on Form S-3
previously filed with the Securities and Exchange Commission. The Partnership intends
to use the net proceeds from this offering to repay indebtedness outstanding under
Sunoco Logistics Partners Operations L.P.’s revolving credit facility, which was incurred
to finance the acquisition of the MagTex products pipeline and terminals system.
Citi and UBS Investment Bank are joint book-running managers for the senior
notes offering. Barclays Capital, Credit Suisse, Deutsche Bank Securities, KeyBanc
Capital Markets, Mitsubishi UFJ Securities, RBS Greenwich Capital, SunTrust Robinson
Humphrey and Wachovia are co-managers for the senior notes offering.
A copy of the final prospectus supplement and the related prospectus for the
senior notes offering may be obtained from Citi, Brooklyn Army Terminal, Attention:
Prospectus Delivery Dept., 140 58th Street, Brooklyn, NY, 11220, or by calling Citi tollfree
at (800) 831-9146, or UBS Investment Bank, Prospectus Dept., 299 Park Ave., New
York, NY, 10171, or by calling UBS Investment Bank toll-free at (888) 827-7275.
This news release does not constitute an offer to sell or a solicitation of an offer to
buy the securities described herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction. The
offering may be made only by means of a prospectus and related prospectus supplement.
Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, is a
master limited partnership formed to acquire, own and operate refined product and crude
oil pipelines and terminal facilities. The Eastern Pipeline System consists of
approximately 2,300 miles of primarily refined product pipelines located in the
Northeastern and Midwestern United States, the recently acquired MagTex products
pipeline system and interests in four refined products pipelines, consisting of a 9.4
percent interest in Explorer Pipeline Company, a 31.5 percent interest in Wolverine Pipe
Line Company, a 12.3 percent interest in West Shore Pipe Line Company and a 14.0
percent interest in Yellowstone Pipe Line Company. The Terminal Facilities consist of
9.7 million shell barrels of refined products terminal capacity and 24.0 million shell
barrels of crude oil terminal capacity (including approximately 17.1 million shell barrels
of capacity at the Texas Gulf Coast Nederland Terminal). The Western Pipeline System
consists of approximately 3,700 miles of crude oil pipelines, located principally in
Oklahoma and Texas, a 55.3 percent interest in Mid-Valley Pipeline Company, a 43.8
percent interest in the West Texas Gulf Pipe Line Company and a 37.0 percent interest in
the Mesa Pipe Line System.
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