NEWTOWN SQUARE, Pa.--(BUSINESS WIRE)--Sunoco Logistics Partners L.P. (NYSE: SXL) today announced the pricing of $550 million aggregate principal amount of 3.90% senior notes due 2026 of its wholly owned subsidiary, Sunoco Logistics Partners Operations L.P. (the “Operating Partnership”). The sale of the senior notes is expected to settle on July 12, 2016, subject to customary closing conditions. The Operating Partnership intends to use the net proceeds of approximately $544 million to repay outstanding borrowings under its $2.50 billion revolving credit facility and for general partnership purposes.

The 3.90% senior notes due 2026, maturing on July 15, 2026, were offered to the public at 99.696% of par value.

Sunoco Logistics Partners L.P. (NYSE: SXL), headquartered in Newtown Square, Pennsylvania, is a master limited partnership that owns and operates a logistics business consisting of a geographically diverse portfolio of integrated pipeline, terminalling and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, natural gas liquids and refined products. SXL’s general partner is a consolidated subsidiary of Energy Transfer Partners, L.P. (NYSE: ETP).