Sunoco Expands Revolving Credit Facility
HOUSTON — Sunoco LP added $250 million to existing revolving credit facility. Sunoco now has $1.5 billion in its credit facility with a consortium of banks that expires in Sept. 2019.
“The expansion will provide the [master limited] partnership with additional financing flexibility and liquidity to fund future growth capital expenditures,” Sunoco stated.
Sunoco LP is a master limited partnership that primarily distributes motor fuel to convenience stores, independent dealers, commercial customers and distributors. It also operates more than 150 convenience stores and retail fuel sites.
Houston-based Sunoco LP conducts its business through wholly owned subsidiaries, as well as via its 31.58 percent interest in Sunoco LLC, in partnership with an affiliate of its parent company, Energy Transfer Partners (ETP). While primarily engaged in natural gas, natural gas liquids, crude oil and refined products transportation, ETP also operates a retail and fuel distribution business through its interest in Sunoco LLC, as well as wholly owned subsidiaries, Sunoco Inc. and Stripes LLC, that operate approximately 1,100 convenience stores and retail fuel sites.