Sunoco Prices Upsized $1.2 Billion Private Debt Offering

BY MT Newswires | CORPORATE | 02/27/26 05:14 AM EST

05:14 AM EST, 02/27/2026 (MT Newswires) -- Sunoco (SUN) said late Thursday it priced a $1.2 billion private offering of its senior notes at 100%, upsized from a previously planned $1 billion.

The upsized offering comprises $600 million of 5.375% notes due 2031 and $600 million of 5.625% notes due 2034.

The company expects the offering to close March 9 and plans to use the net proceeds to redeem certain notes, among other things.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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