PHILADELPHIA, Dec. 11 /PRNewswire-FirstCall/ -- Sunoco, Inc. (NYSE:
SUN) today announced that it has priced $400 million of Senior Notes due
January 15, 2017. The Notes were priced at 99.629% of par with a coupon of
5-3/4% at a yield to maturity of 5.798%. Citigroup Global Markets Inc. and
J.P. Morgan Securities Inc. acted as Joint Book-Running Managers for this
transaction.
(Logo: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 )
Copies of the final prospectus relating to the offering may be obtained
from Citigroup Corporate and Investment Banking, Brooklyn Army Terminal,
140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: 718-765-6732; fax:
718-765- 6734) and from J.P. Morgan Securities Inc., 270 Park Avenue, New
York, NY 10017, Attention: High Grade Syndicate Desk - 8th floor (tel:
212-834-4533; fax: 212-834-6081).
Proceeds of the offering will be used for payment of short-term debt,
and for working capital and general corporate purposes.
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. Sunoco also
manufactures approximately 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.
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of these
securities in any state in which the offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws
of that state.
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.
 back to top
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
|
