09:12 AM EDT, 09/04/2025 (MT Newswires) -- Sunoco ( SUN ) said Thursday that it has launched a private offering of senior notes with principal amounts of $850 million due 2031 and $850 million due 2034.

Net proceeds from the offering will be used to fund the company's Parkland acquisition and to temporarily reduce its outstanding borrowings under a revolving credit facility, Sunoco ( SUN ) said.

If the Parkland acquisition does not close by May 5, Sunoco ( SUN ) said the notes will be subject to a special mandatory redemption at 100% of their initial issue price plus any accrued interest.