04:30 AM EDT, 09/05/2025 (MT Newswires) -- Sunoco ( SUN ) said late Thursday it priced at 100% a $1 billion private offering of 5.625% senior notes due 2031, upsized from $850 million.

The company priced $900 million of 5.875% senior notes due 2034, also upsized from $850 million.

Sunoco ( SUN ) intends to use the net proceeds, together with other resources, to fund a portion of its Parkland acquisition. Any remaining proceeds will be used for general corporate purposes and to temporarily reduce borrowings under a revolving credit facility, the company said.

The sale is expected to settle on Sept. 18.