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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Sun., Sep. 21, 6:04 AM

Slide #11. Sunoco Logistics Partners L.P. Secondary Offering

Company: Sunoco Logistics Partners L.P. (NYSE:SXL)
Date announced: 9/16/2014
Shares Offered: 7,700,000
Date of Pricing: 9/17/2014
Price Per Share: $48.46
Secondary Offering Details: Sunoco Logistics Partners L.P. (NYSE:SXL), announced that it has commenced a public offering of 7,700,000 common units pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The underwriters will be granted an option to purchase up to 1,155,000 additional common units. The Partnership intends to use the net proceeds from this offering to repay outstanding borrowings under its $1.5 billion revolving credit facility and for general partnership purposes.

Sunoco Logistics Partners is engaged in the transport, terminalling and storage of crude oil, refined petroleum products, and natural gas liquids. Co.'s segments are as follows: Crude Oil Pipelines, which transports crude oil principally in Oklahoma and Texas; Crude Oil Acquisition and Marketing, which gathers, purchases, markets and sells crude oil principally in the mid-continent U.S.; Terminal Facilities, which consists of refined products terminals providing storage, terminalling, blending and other ancillary services; and Refined Products Pipelines, which consists of refined products pipelines and joint venture interests in four refined products pipelines in certain areas of the U.S.
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Company Name:  Sunoco Logistics Partners L.P.
Website:  www.sunocologistics.com
Sector:  Oil & Gas Equipment & Services
Number of ETFs Holding SXL:  3
Total Market Value Held by ETFs:  $8.16M
Total Market Capitalization:  $10.00B
% of Market Cap. Held by ETFs:  0.08%
 

Open the SXL Page at The Online Investor (in a new window) »

September 21, 2014    6:04 AM Eastern
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Hold (2.29 out of 4)
11st percentile
(ranked lower than approx. 89% of all stocks covered)
Based on Zacks ABR data;
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