Sunoco LP Enters New Credit Agreement

TL;DR

Sunoco LP just signed a new credit deal, locking in financing.

AI Summary

On July 15, 2024, Sunoco LP entered into a material definitive agreement, specifically a credit agreement, which creates a direct financial obligation for the registrant. This agreement is a significant financial event for the company.

Why It Matters

This new credit agreement likely impacts Sunoco LP's financial flexibility and borrowing capacity, which could influence future investments and operations.

Risk Assessment

Risk Level: medium — Credit agreements can introduce financial obligations and covenants that may pose risks if not managed effectively.

Key Players & Entities

• Sunoco LP (company) — Registrant
• July 15, 2024 (date) — Date of earliest event reported

FAQ

From the Filing

0001193125-24-180733.txt : 20240718 0001193125-24-180733.hdr.sgml : 20240718 20240718073056 ACCESSION NUMBER: 0001193125-24-180733 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 23 CONFORMED PERIOD OF REPORT: 20240715 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240718 DATE AS OF CHANGE: 20240718 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sunoco LP CENTRAL INDEX KEY: 0001552275 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 300740483 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-35653 FILM NUMBER: 241123706 BUSINESS ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 BUSINESS PHONE: (832) 234-3600 MAIL ADDRESS: STREET 1: 8111 WESTCHESTER DR., SUITE 400 CITY: DALLAS STATE: TX ZIP: 75225 FORMER COMPANY: FORMER CONFORMED NAME: Susser Petroleum Partners LP DATE OF NAME CHANGE: 20120614 8-K 1 d772547d8k.htm 8-K 8-K false 0001552275 0001552275 2024-07-15 2024-07-15     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (date of earliest event reported): July 15, 2024     Sunoco LP (Exact name of registrant as specified in its charter)       Delaware   No.  001-35653   30-0740483 (State or Other Jurisdiction of Incorporation or Organization)   (Commission File Number)   (IRS Employer Identification No.)   8111 Westchester Drive , Suite 400 Dallas , Texas 75225 (Address of principal executive office) (Zip Code) (214) 981-0700 (Registrant’s telephone number, including area code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Units Representing Limited Partner Interests   SUN   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Introductory Note On May 3, 2024, Sunoco LP, a Delaware limited partnership (“ Sunoco ”), completed the previously announced transactions contemplated by the Agreement and Plan of Merger, dated January 22, 2024, by and among Sunoco, Saturn Merger Sub, LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Sunoco (“ Merger Sub ”), NuStar Energy L.P., a Delaware limited partnership (“ NuStar ”), Riverwalk Logistics, L.P.,