HOUSTON
,
Sept. 19, 2012
/PRNewswire/ --
Susser Petroleum beplay88网棋牌 s LP
, a
Delaware
limited partnership, announced today that it has priced its initial public offering of 9,500,000 common units representing limited partner interests in
Susser Petroleum beplay88网棋牌 s
at
$20.50
per common unit. The common units willtradeon the
New York Stock Exchange
under the symbol SUSP beginning on
September 20
. The offering is expected to close on
September 25
, subject to customary closing conditions. The underwriters have been granted a 30-day option to purchase up to an additional 1,425,000 common units.
Upon the conclusion of the offering, the public will own a 43.4% limited partner interest in
Susser Petroleum beplay88网棋牌 s
, or a 49.9% limited partner interest if the underwriters exercise their option to purchase additional common units in full.
Susser Petroleum beplay88网棋牌 s
was formed by
Susser Holdings Corporation
(NASDAQ: SUSS) to engage in the primarily fee-based wholesale distribution of motor fuels to
Susser Holdings
and third parties.
BofA Merrill Lynch,
Barclays
,
Wells Fargo Securities
and
UBS Investment Bank
are acting as joint book-running managers for the offering.
RBC Capital Markets
,
Raymond James
,
BMO Capital Markets
,
Baird
and
Janney Montgomery Scott
are acting as co-managers for the offering.
This offering of common units will be made only by means of a prospectus. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, when available, may be obtained from the offices of:
A registration statement relating to these securities has been filed with, and declared effective by, the
Securities and Exchange Commission
. The registration statement is available on the
SEC
's web site athttps://www.sec.govunder the registrant's name, "
Susser Petroleum beplay88网棋牌 s LP
." This news release shall not constitute an offer to sell or a solicitation of an offer tobuy, 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 beplay88网棋牌 s LP
Houston
-based
Susser Petroleum beplay88网棋牌 s LP
is a master limited partnership formed by
Susser Holdings Corporation
to engage in the primarily fee-based wholesale distribution of motor fuels to
Susser Holdings
and third parties.
Susser Petroleum beplay88网棋牌 s
distributes over 1.4 billion gallons of motor fuel annually from major oil companies and independent refiners to
Susser Holdings
' Stripes® convenience stores, independently operated consignment locations, convenience stores and retail fuel outlets operated by independent operators and other commercial customers in
Texas
,
New Mexico
,Oklahomaand
Louisiana
.
Forward-Looking Statements
This news release contains "forward-looking statements" which are based on current plans and expectations and involve a number of risks and uncertainties that could cause actual results and events to vary materially, including but not limited to the inability to complete the initial public offering. For a full discussion of these risks and uncertainties, please refer to the "Risk Factors" section of the Registration Statement on Form S-1 initially filed by
Susser Petroleum beplay88网棋牌 s
on
June 22, 2012
and the information included in subsequent amendments and other filings. These forward-looking statements are based on and include our expectations as of the date hereof. Subsequent events and market developments could cause our expectations to change. While we may elect to update these forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if new information becomes available, except as may be required by applicable law.
Contact:
Susser Petroleum beplay88网棋牌 s LP
Mary Sullivan
, Chief Financial Officer
(832) 234-3600,msullivan@susser.com
DRG&L – Investor Relations
Anne Pearson
, Senior Vice President
(210) 408-6321,apearson@drg-l.com
Ben Burnham
, Vice President
(773) 599-3745,bburnham@drg-l.com
SOURCE
Susser Petroleum beplay88网棋牌 s LP
;
Susser Holdings
