PHILADELPHIA, May 4 /PRNewswire-FirstCall/ -- Sunoco, Inc. (NYSE: SUN)
announced today that it will redeem all of its remaining 9-3/8% Sinking
Fund Debentures, CUSIP No.: 866762 AE 7 (the "Bonds"), on June 5, 2006.
These Bonds are listed on the New York Stock Exchange, and trade under the
"SUN16" symbol. The final maturity date was originally June 1, 2016.
(Logo: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 )
The redemption price for these Bonds is 100 percent of the principal
amount, plus accrued interest to the redemption date of June 5, 2006. All
interest on the Bonds will cease to accrue on and after the redemption
date.
The Bonds will be redeemed by the Trustee: Citibank, N.A., Corporate
Trust Operations, 111 Wall Street, 15th Floor, New York, NY 10005.
A redemption notice will be sent directly to holders of these Bonds no
later than May 5, 2006. At the present time, the outstanding principal
amount of the Bonds is Fifty-Six Million Four Hundred Fifty-Two Thousand
U.S. Dollars ($56,452,000). The original issue was Two Hundred Million U.S.
Dollars ($200,000,000).
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, over 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 also 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
Web site at http://www.Sunocoinc.com.
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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