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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Wed., Oct. 22, 12:46 AM

Slide #3. Susser Petroleum Partners LP Secondary Offering

Company: Susser Petroleum Partners LP (NYSE:SUSP)
Date announced: 10/21/2014
Shares Offered: 8,000,000
Secondary Offering Details: Susser Petroleum Partners LP (NYSE: SUSP) (the "Partnership") today announced that it has commenced, subject to market conditions, a registered underwritten public offering of 8,000,000 common units representing limited partner interests, pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (the "SEC"). The Partnership expects to grant the underwriters a 30-day option to purchase up to 1,200,000 additional common units. The Partnership intends to use the net proceeds from the offering, including any net proceeds from the underwriters' exercise of their option to purchase additional common units, to repay indebtedness under its revolving credit facility and for general partnership purposes.

Susser Petroleum Partners is a wholesale distributor of motor fuels and other petroleum products, and it leases or subleases to its parent, Susser Holdings Corporation, third-party dealers, and independent operators of consignment locations, real estate used primarily in the retail distribution of motor fuels. Co. distributes branded motor fuel under the Chevron, CITGO, Conoco, Exxon, Mobil, Phillips 66, Shamrock, Shell, Texaco and Valero brands. Co. also distributes unbranded motor fuel. In addition to distributing motor fuel, Co. distributes other petroleum products such as propane and lube oil, and receives rental income from real estate that it leases or subleases.
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Company Name:  Susser Petroleum Partners LP
Website:  www.susserpetroleumpartners.com
Sector:  Specialty Retail
 

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October 22, 2014    12:46 AM Eastern
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