Energy Transfer Equity Invests $300 Million in Sunoco LP through Preferred Equity Private Placement

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DALLAS--(BUSINESS WIRE)--Sunoco LP (NYSE: SUN) (“SUN”) and Energy Transfer Equity, L.P. (NYSE: ETE) (“ETE”) today announced the completion of a private placement of $300 million in SUN preferred equity to ETE. Distributions on the new SUN Series A Perpetual Preferred Units (“Preferred Units”) issued to ETE are cumulative and will be payable quarterly from and including the date of original issue. The initial distribution rate of 10.00% per annum of the stated liquidation preference of $25.00 wi

March 31, 2017 at 01:48AM

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