Sunoco lp announces purchase of nustar preferred units and full redemption of nustar logistics subordinated notes

Dallas , may 3, 2024 /prnewswire/ -- sunoco lp (nyse: sun) ("sun" or the "partnership") today announced that, on june 3, 2024 (the "redemption date"), (a) sun will purchase all outstanding units of (i) 8.50% series a fixed-to-floating rate cumulative redeemable perpetual preferred units (the "series a preferred units") representing limited partner interests in nustar energy l.p., a delaware limited partnership and subsidiary of sun ("nustar"), (ii) 7.625% series b fixed-to-floating rate cumulative redeemable perpetual preferred units (the "series b preferred units") representing limited partner interests in nustar and (iii) 9.00% series c fixed-to-floating rate cumulative redeemable perpetual preferred units (the "series c preferred units" and, collectively with the series a preferred units and the series b preferred units, the "preferred units"), representing limited partner interests in nustar, in each case pursuant to the eighth amended and restated agreement of limited partnership of nustar, dated as of july 20, 2018, as amended to date, with the final cash distribution for the preferred units to be paid on may 31, 2024 to holders of the preferred units as of the close of business on may 15, 2024 (the "record date"); and (b) nustar logistics, l.p.
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