Susser Petroleum Partners LP Announces Pricing of Public Offering of Common Units Representing Limited Partner Interests

Oct 21, 2014, 17:12 ET from Susser Petroleum Partners LP

HOUSTON, Oct. 21, 2014 /PRNewswire/ -- Susser Petroleum Partners LP (NYSE: SUSP) (the "Partnership") today announced that it has priced its 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") at $46.25 per common unit. The Partnership granted 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.

Morgan Stanley, BofA Merrill Lynch, Barclays, Citigroup, Credit Suisse, Deutsche Bank Securities, Goldman, Sachs & Co., Jefferies, J.P. Morgan, RBC Capital Markets, UBS Investment Bank and Wells Fargo Securities are acting as joint book-running managers of the offering.

The offering may be made only by means of a prospectus supplement and accompanying base prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. A copy of the prospectus supplement and accompanying base prospectus meeting such requirements may be obtained from:

Morgan Stanley

Attn: Prospectus Department

180 Varick Street, 2nd Floor

New York, NY 10014

BofA Merrill Lynch
222 Broadway

New York, New York 10038

Attention: Prospectus Department

Email: dg.prospectus_requests@baml.com.

Barclays

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, NY 11717

Telephone: (888) 603-5847

Email: barclaysprospectus@broadridge.com




Citigroup

c/o Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Phone: (800) 831-9146

prospectus@citi.com

Credit Suisse

Attn: Prospectus Department

One Madison Avenue

New York, NY 10010

Email: newyork.prospectus@credit-suisse.com

Telephone: (800) 221-1037

Deutsche Bank Securities

Attn: Prospectus Group

60 Wall Street

New York, NY 10005-2836

Email: prospectus.CPDG@db.com

Telephone: (800) 503-4611




Goldman, Sachs & Co.

Attn: Prospectus Department

200 West Street

New York, NY 10282

Telephone: 1-201-793-5170

Email: prospectus-ny@ny.email.gs.com

Jefferies

Attention: Equity Syndicate Prospectus Department

520 Madison Avenue, 2nd Floor

New York, NY, 10022

Telephone: 877-547-6340 (toll free)

Email: Prospectus_Department@Jefferies.com

J.P. Morgan

Attn: Broadridge Financial Solutions

1155 Long Island Avenue

Edgewood, New York 11717

Phone: (866) 803-9204




RBC Capital Markets

ATTN: Equity Syndicate

Three World Financial Center

200 Vesey St., 8th Floor

New York, NY 10281

Phone: (877) 822-4089

Email: equityprospectus@rbccm.com

UBS Investment Bank

Attn: Prospectus Dept.

299 Park Avenue

New York, New York 10171

Phone: (888) 827-7275

Wells Fargo Securities

Attn: Equity Syndicate Dept.

375 Park Avenue

New York, New York 10152

Phone: (800) 326-5897

cmclientsupport@wellsfargo.com

 

You may also obtain these documents for free, when they are available, by visiting the SEC's website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Susser Petroleum Partners LP

Susser Petroleum Partners LP is a growth-oriented Delaware limited partnership engaged in the primarily fee-based wholesale distribution of motor fuels to Susser Holdings Corporation and third parties. As a result of the recent acquisition of Mid-Atlantic Convenience Stores, LLC, the Partnership, through its subsidiaries, also engages in the retail sale of motor fuel and the operation of retail convenience stores.

Cautionary Statement Relevant to Forward-Looking Information

This press release includes forward-looking statements regarding future events. These forward-looking statements are based on the Partnership's current plans and expectations and involve a numbers of risks and uncertainties that could cause actual results and events to vary materially from the results and events anticipated or implied by such forward-looking statements. For a further discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the prospectus supplement and accompanying base prospectus. While the Partnership may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, even if new information becomes available in the future.

CONTACT:

Susser Petroleum Partners LP
Clare McGrory
Senior VP, Finance and Investor Relations
(610) 833-3400, cpmcgrory@sunocoinc.com

Dennard-Lascar Associates, LLC
Anne Pearson
Senior VP, Investor Relations
210-408-6321, apearson@dennardlascar.com

SOURCE Susser Petroleum Partners LP