e8vk
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): August 3, 2005
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) |
1735 Market Street, Philadelphia, PA 19103-7583
(Address of principal executive offices) (Zip Code)
(215) 977-3000
(Registrants telephone number, including area code)
NOT APPLICABLE
(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 August 3, 2005, Sunoco Logistics Partners L.P. (the Partnership) announced that it plans
to offer 1.5 million common units pursuant to an effective shelf registration statement on Form S-3
previously filed with the Securities and Exchange Commission. The Partnerships press release
announcing the offering is attached as Exhibit 99.1 to this report, and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits
|
|
|
99.1
|
|
Press release dated August 3, 2005. |
Forward-Looking Statements
Statements contained in this report, or the exhibits thereto, that state the Partnerships or
managements expectations or predictions of the future are forward-looking statements. The
Partnerships 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.
2
SIGNATURES
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 hereunto duly authorized.
|
|
|
|
|
|
SUNOCO LOGISTICS PARTNERS LP.
By: Sunoco Partners LLC,
its General Partner |
|
By: |
/s/ COLIN A. OERTON
|
|
|
|
Colin A. Oerton |
|
|
|
Vice President and Chief
Financial Officer |
|
|
August 3, 2005
3
EXHIBIT INDEX
|
|
|
Exhibit |
|
|
No. |
|
Exhibit |
Exhibit 99.1
|
|
Press Release dated August 3, 2005 |
4
exv99w1
Exhibit 99.1
News Release
|
|
|
|
|
Sunoco Logistics Partners L.P.
1735 Market Street
Philadelphia, Pa. 19103-7583 |
|
|
|
For further information contact:
|
|
For release: 4:15 p.m., August 3, 2005 |
Jerry Davis (media) 215-977-6298 |
|
|
Colin Oerton (investors) 866-248-4344 |
|
|
No. 17
SUNOCO LOGISTICS PARTNERS L.P. ANNOUNCES
PUBLIC OFFERING OF COMMON UNITS
PHILADELPHIA, August 3, 2005 Sunoco Logistics Partners L.P. (NYSE: SXL) announced that it
plans to offer 1.5 million common units pursuant to an effective shelf registration statement on
Form S-3 previously filed with the Securities and Exchange Commission. The underwriters have been
granted an option to purchase up to 225,000 additional common units to cover over-allotments, if
any. The Partnership intends to use the net proceeds from this offering, including any units
issued under the over-allotment options to repay a portion of the indebtedness incurred under the
Partnerships credit facility to purchase the crude oil pipeline system and related crude oil
facilities located in Texas that the Partnership acquired from Mobil Pipe Line Company on August 1,
2005.
Lehman Brothers Inc. will act as sole book-running manager of the offering. In addition,
Citigroup Global Markets Inc., and Stifel, Nicolaus & Company, Incorporated will serve as
co-managers of the offering.
The preliminary prospectus and the final prospectus, when available, related to this offering
may be obtained from Lehman Brothers Inc. c/o ADP Financial Services, Integrated Distribution
Services, 1155 Long Island Avenue, Edgewood, NY 11714, (631) 254-7106.
This news release does not constitute an offer to sell or a solicitation of an offer to buy
the securities described herein, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction. The offering may be made only
by means of a prospectus and related prospectus supplement.
5
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 Yellowstone Pipe Line Company. The Terminal Facilities consist of 8.9 million
barrels of refined product terminal capacity and 19.4 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 2,640 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 Partnerships 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 transactions described in the foregoing news release will be
consummated or 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 issues; the legislative or regulatory environment; 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 Partnerships June 30, 2005 Form 10-Q
filed with the Securities and Exchange Commission on August 2, 2005. 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 -
6