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SEC Filings
S-4
SUSSER HOLDINGS CORP filed this Form S-4 on 07/22/2016
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Table of Contents
Index to Financial Statements

Terms of the Exchange Notes

The summary below describes the principal terms of the exchange notes. The financial terms and covenants of the exchange notes are the same as the private notes. Some of the terms and conditions described below are subject to important limitations and exceptions. You should carefully read the “Description of the Exchange Notes” section of this prospectus for a more detailed description of the exchange notes.

For purposes of this section of the prospectus summary, references to “Sunoco LP,” “we,” “us,” “our” and “ours” refer only to Sunoco LP and do not include its subsidiaries.

 

Issuers

Sunoco LP and Sunoco Finance Corp. (the “Issuers”).

 

Notes Offered

  $800,000,000 aggregate principal amount of 6.375% Senior Notes due 2023, and

 

    $800,000,000 aggregate principal amount of 6.250% Senior Notes due 2021.

 

Interest

Interest on the 2023 exchange notes will accrue at the per annum rate of 6.375%, payable semi-annually on April 1 and October 1 of each year. Interest on the 2023 private notes commenced accruing on October 1, 2015.

 

  Interest on the 2021 Exchange notes will accrue at the per annum rate of 6.250% payable semi-annually on April 15 and October 15 of each year. Interest on the 2021 exchange notes will commence accruing on October 15, 2016.

 

Maturity Date

Unless redeemed prior to maturity as described below, the 2023 exchange notes will mature on April 1, 2023 and the 2021 exchange notes will mature on April 15, 2021.

 

Denominations

The exchange notes will be issued in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.

 

Ranking

The exchange notes will be senior unsecured obligations of the Issuers and will:

 

    rank equally in right of payment with all of the Issuers’ existing and future senior obligations, including the Issuers’ $600,000,000 aggregate principal amount of 5.500% Senior Notes due 2020 (the “2020 notes”);

 

    rank senior in right of payment to all of the Issuers’ indebtedness and other obligations that are, by their terms, expressly subordinated in right of payment to the notes;

 

    be effectively subordinated to all of the Issuers’ existing and future secured indebtedness (including obligations under our revolving credit facility and term loan facility), to the extent of the value of the assets securing such indebtedness; and

 

    be structurally subordinated to the obligations of each of our subsidiaries that is not a guarantor of the notes.

 



 

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