Sunoco Logistics prices shares at $74.45
Sunoco Logistics Partners L.P. said it priced its offering of 1.75 million common shares, or units, at $74.45 each. The Philadelphia operator of crude oil pipelines and terminals will use the proceeds, amounting to $130.3 million before underwriting fees, to reduce its debt. The company's stock closed Tuesday at $74.49, down $2.05, on the New York Stock Exchange. - Paul Schweizer
Sunoco Logistics Partners L.P. said it priced its offering of 1.75 million common shares, or units, at $74.45 each. The Philadelphia operator of crude oil pipelines and terminals will use the proceeds, amounting to $130.3 million before underwriting fees, to reduce its debt. The company's stock closed Tuesday at $74.49, down $2.05, on the New York Stock Exchange. - Paul Schweizer