Quick Stats

Quick Stats

    You are here

    Susser Petroleum Partners Initiates Public Offering

    MACS operator will use proceeds to pay back debt.

    HOUSTON — Susser Petroleum Partners LP has commenced a registered underwritten public offering of 8 million common units of its stock, representing limited partner interests.

    The offering price per unit is $46.25.

    Under the terms of the offering, the underwriters of the transaction have a 30-day option to purchase an additional 1.2 million Susser Petroleum units.

    Morgan Stanley, BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers for the offering.

    Susser Petroleum plans to use the proceeds to repay debt under its revolving credit facility and for general partnership purposes.

    Houston-based Susser Petroleum Partners LP is a master limited partnership that operates the Mid-Atlantic Convenience Stores LLC chain of convenience stores. It also is engaged in the primarily fee-based wholesale distribution of motor fuels to Susser Holdings Corp. and other third parties.

    Related Content

    Related Content