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April 7, 2016updated 26 Nov 2021 12:05pm

Deals this week: Sunoco, AltaGas and Enterprise Products

Distributor of motor fuels Sunoco LP has announced the pricing and upsizing of private placement of 6.25% senior notes priced at 100%, due 2021, representing an offering amount of $800m, which is a $300m increase over the original offering amount.

Distributor of motor fuels Sunoco LP has announced the pricing and upsizing of private placement of 6.25% senior notes priced at 100%, due 2021, representing an offering amount of $800m, which is a $300m increase over the original offering amount.

Gross proceeds from the offering are intended to be utilised to make a partial repayment of outstanding borrowings of its term loan facility.

North American energy infrastructure firm AltaGas Ltd has agreed to issue C$350m ($268.9m) senior unsecured medium-term notes at a coupon rate of 4.12%, with maturity due on 7 April 2026.

“AltaGas Ltd has agreed to issue $268.9m senior unsecured medium-term notes at a coupon rate of 4.12%.”

CIBC World Markets Inc and RBC Capital Markets LLC are the underwriters for the offering.

AltaGas will use net proceeds from the offering to settle existing financial obligations and to meet general corporate expenditure.

Enterprise Products Operating LLC has priced the public offering of $1.25bn of senior unsecured notes including $575m Senior Notes RR due on 15 April 2021, $575m Senior Notes SS due on 15 February 2027, and $100m Reopened Senior Notes QQ due on 15 May 2046.

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Senior Notes RR and SS, as well as Reopened Senior Notes Q will be issued at 99.89%, 99.76% and 95.51% respectively. Net proceeds are intended to be used for repayment of debt and for general company purposes.

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