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| SUN > SEC Filings for SUN > Form 8-K on 31-Mar-2009 | All Recent SEC Filings |
31-Mar-2009
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet
On March 26, 2009, Sunoco, Inc. (the "Company") entered into a Terms Agreement to sell $250,000,000 aggregate principal amount of its 9.625% Notes due April 15, 2015 (the "Notes"). The offering of the Notes closed on March 31, 2009. The Company received net proceeds of approximately $246,422,500 from this offering, after underwriters' discounts and commissions and other offering expenses. The Company expects to use these proceeds to repay short-term debt and for general corporate purposes.
The Company will pay interest on the Notes on April 15 and October 15 of each year, commencing on October 15, 2009. The Notes will mature on April 15, 2015 and are redeemable, in whole or in part, at any time and from time to time under the terms provided in the indenture and the supplemental indenture with U.S. Bank National Association, as trustee, each dated as of March 31, 2009.
The Amended and Restated Underwriting Agreement under which the Company sold the Notes, as well as the Terms Agreement, Indenture and First Supplemental Indenture, are filed as exhibits to this Current Report on Form 8-K.
(c) Exhibits.
1.1 Amended and Restated Underwriting Agreement dated March 26, 2009.
1.2 Terms Agreement dated March 26, 2009 by and among the Company and the Underwriters named therein.
4.1 Indenture dated as of March 31, 2009 by and between the Company and U.S.
Bank National Association.
4.2 First Supplemental Indenture dated as of March 31, 2009 by and between the Company and U.S. Bank National Association.
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