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Sunoco Logistics to launch 13.5M-unit offering

Mar. 10, 2015 4:47 PM ETSunoco Logistics Partners, L.P. (SXL) StockBy: Carl Surran, SA News Editor
  • Sunoco Logistics Partners (NYSE:SXL) -3.8% AH after announcing a public offering of 13.5M common units, with an underwriters option to purchase up to an additional 2.025M units.
  • SXL says it plans to use the proceeds to repay outstanding borrowings under its $1.5B revolving credit facility and for general partnership purposes.

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