Sunoco Logistics Partners Prices Public Offering Of 21.00 Mln Units At $27/unit

(RTTNews) - Sunoco Logistics Partners L.P. (SXL) said that it has priced its underwritten public offering of 21.00 million common units at $27.00 per unit. The underwriter of this common unit offering has been granted a 30-day option to purchase up to 3.15 million additional common units.

The company plans to use the net proceeds from this offering to fund a portion of the purchase price for the previously announced acquisition of an integrated crude oil business in West Texas from Vitol Inc. This offering is not conditioned on the consummation of the Acquisition. If the Acquisition is not consummated, SXL intends to use the net proceeds from this offering for general partnership purposes.

Barclays Capital Inc. is acting as the sole underwriter of the offering.