e8vk
 



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: November 30, 2004

SUNOCO LOGISTICS PARTNERS L.P.


(Exact name of registrant as specified in its charter)
         
Delaware   1-31219   23-3096839

 
 
 
 
 
(State or other
jurisdiction of
incorporation)
  (Commission
file number)
  (IRS employer
identification number)
     
Ten Penn Center, 1801 Market Street, Philadelphia, PA   19103-1699

 
 
 
(Address of principal executive offices)   (Zip Code)

(215) 977-3000


(Registrant’s telephone number, including area code)

N/A


(Former Name or Former Address, if Changed Since Last Report)

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:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



 


 

Item 8.01  Other Events.

On November 30, 2004, Sunoco Logistics Partners L.P. (the “Partnership”) completed the acquisition of a refined products terminal located in Columbus, Ohio for approximately $8 million. The Partnership’s press release announcing the acquisition is attached as Exhibit 99.1 to this report.

Item 9.01.  Financial Statements, Pro Forma Financial Information and Exhibits.

     (c) Exhibits

     99.1  Sunoco Logistics Partners L.P. Press Release dated November 30, 2004.

Forward-Looking Statement

Statements contained in this report, or the exhibits thereto, that state the Partnership’s or management’s expectations or predictions of the future are forward-looking statements. The Partnership’s actual results could differ materially from those projected in such forward-looking statements. Factors that could affect such results include those mentioned in the documents that the Partnership has filed with the Securities and Exchange Commission.

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

         
  SUNOCO LOGISTICS PARTNERS LP.
By: Sunoco Partners LLC,
its General Partner
 
 
     
     
     
 
     
  By:   /s/ SEAN P. McGRATH    
    Sean P. McGrath   
    Comptroller   
 

 


 

EXHIBIT INDEX

     
Exhibit    
Number
  Exhibit
99.1
  Sunoco Logistics Partners L.P. Press Release dated November 30, 2004

 

exv99w1
 

EXHIBIT 99.1

SUNOCO LOGISTICS PARTNERS L.P. CLOSES ACQUISITION OF COLUMBUS, OHIO
REFINED PRODUCTS TERMINAL

     PHILADELPHIA, November 30, 2004 – Sunoco Logistics Partners L.P. (NYSE: SXL) said that it has completed the acquisition of a refined products terminal located in Columbus, Ohio for approximately $8 million. Total storage is approximately 160 thousand barrels of shell capacity with customers consisting of Sunoco, Inc. and other third parties.

     Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Philadelphia, was formed to acquire, own and operate substantially all of Sunoco, Inc.’s refined product and crude oil pipelines and terminal facilities. The Eastern Pipeline System consists of approximately 1,900 miles of primarily refined product pipelines 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 the Yellowstone Pipe Line Company. The Terminal Facilities consist of 8.9 million barrels of refined product terminal capacity and 16.0 million barrels of crude oil terminal capacity (including 12.5 million barrels of capacity at the Texas Gulf Coast Nederland Terminal). The Western Pipeline System consists of approximately 2,700 miles of crude oil pipelines, located principally in Oklahoma and Texas and a 43.8 percent interest in the West Texas Gulf Pipe Line Company. For additional information visit Sunoco Logistics’ web site at www.sunocologistics.com.

     NOTE: Those statements made in this release that are not historical facts are forward-looking statements. Although Sunoco Logistics Partners L.P. (the “Partnership”) believes that the assumptions underlying these statements are reasonable, investors are cautioned that such forward-looking statements are inherently uncertain and necessarily involve risks that may affect the Partnership’s business prospects and performance causing actual results to differ from those discussed in the foregoing release. Such risks and uncertainties include, by way of example and not of limitation: whether or not the transaction described in the foregoing news release will be consummated; whether or not such transaction will be cash flow accretive; increased competition; changes in demand for crude oil and refined products that we store and distribute; changes in operating conditions and costs; changes in the level of environmental remediation spending; potential equipment malfunction; potential labor relations problems; the legislative or regulatory environmental; plant construction/repair delays; nonperformance by major customers or suppliers; and political and economic conditions, including the impact of potential terrorist acts and international hostilities. These and other applicable risks and uncertainties have been described more fully in the Partnership’s September 30, 2004 Form 10-Q filed with the Securities and Exchange Commission on November 5, 2004. The Partnership undertakes no obligation to update any forward-looking statements in this release, whether as a result of new information or future events.

- END -