Group 1 - Sunoco LP announced a private offering of 1,000,000 Series A Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Units [1] - The net proceeds from this offering will be used to fund a portion of the cash consideration for the acquisition of Parkland Corporation and related transaction costs, as well as to temporarily reduce borrowings under Sunoco's revolving credit facility [2] - The offering is not contingent on the completion of the Parkland Acquisition or the concurrent Notes Offering [2] Group 2 - If the Parkland Acquisition is not completed by May 5, 2026, the Series A Preferred Units will be subject to a special mandatory redemption at a price of $1,000 per unit plus accumulated and unpaid distributions [3] - The Series A Preferred Units have not been registered under the Securities Act and will be offered only to qualified institutional buyers and non-U.S. persons [4] - Sunoco LP operates in over 40 U.S. states and internationally, with a network of approximately 14,000 miles of pipeline and over 100 terminals for midstream operations [6]