PHILADELPHIA, Jan. 11 /PRNewswire-FirstCall/ -- Sunoco, Inc. (NYSE:
SUN) announced that effective today, it has increased the size of its
Competitive Advance and Revolving Facility, which expires in August 2011,
by an additional $400 million to a total of $1.3 billion. JPMorgan Chase
Bank, N.A. is the Administrative Agent and Bank of America, N.A. is the
Syndication Agent for the facility.
(Logo: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 )
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading
manufacturer and marketer of petroleum and petrochemical products. With
900,000 barrels per day of refining capacity, nearly 4,700 retail sites
selling gasoline and convenience items, approximately 5,400 miles of crude
oil and refined product owned and operated pipelines and 38 product
terminals, Sunoco is one of the largest independent refiner-marketers in
the United States. Sunoco is a significant manufacturer of petrochemicals
with annual sales of approximately five billion pounds, largely chemical
intermediates used to make fibers, plastics, film and resins. Utilizing a
unique, patented technology, Sunoco has the capacity to manufacture over
2.5 million tons annually of high-quality metallurgical-grade coke for use
in the steel industry. For additional information, visit Sunoco's website
at http://www.SunocoInc.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995:
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. Sunoco believes that its
expectations are based on reasonable assumptions. No assurance, however,
can be given that its goals will be achieved. A number of factors could
cause actual results to differ materially from the projections, anticipated
results, or other expectations expressed in this release. While Sunoco
makes these forward-looking statements in good faith, Sunoco cannot
guarantee that the anticipated future results will be achieved. Risks and
uncertainties concerning Sunoco's business are more fully described in
Sunoco's Form 10-Q for the quarter ended September 30, 2006, filed with the
Securities and Exchange Commission on November 2, 2006. Sunoco undertakes
no obligation to update any forward-looking statements in this news
release, whether as a result of new information or future events.
SOURCE Sunoco, Inc.
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Related links:
http://www.SunocoInc.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006
PRN Photo Desk, photodesk@prnewswire.com
http://www.prnewswire.com/comp/829144.html /
CONTACT:
Jerry Davis (media), +1-215-977-6298, or Tom
Harr (investors), +1-215-977-6764, both of Sunoco, Inc.
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