Printer Friendly

SUN TO SELL $150 MILLION IN 10-YEAR NOTES

 SUN TO SELL $150 MILLION IN 10-YEAR NOTES
 RADNOR, Pa., Dec. 10 /PRNewswire/ -- Sun Company, Inc. (NYSE: SUN)


announced today it has priced $150 million of 7.95 percent 10-year Notes due Dec. 15, 2001.
 The noncallable Notes were priced at 99.863 percent to yield 7.97 percent. The company said proceeds from the sale will be used primarily for repayment of short-term debt. The offering is being made under a shelf registration statement previously filed with the Securities and Exchange Commission.
 Sun said that Lehman Brothers was the lead underwriter for the sale. The First Boston Corporation and Merrill Lynch & Co. also underwrote the sale of the Notes.
 The Notes, rated A2 by Moody's Investor Service and A by Standard & Poor's, will be listed on the New York Stock Exchange.
 Sun is an energy company with interests in U.S. and Canadian petroleum refining and marketing, domestic coal and coke production, synthetic crude oil production in Canada, and crude oil and natural gas exploration and production outside the United States. Branded marketing is carried out under the Sunoco brand in the U.S. and Canada and also under the Atlantic brand in the United States.
 /delval/
 -0- 12/10/91
 /CONTACT: Dick Jackman of Sun, 215-293-6350/
 (SUN) CO: Sun Company Incorporated ST: Pennsylvania IN: OIL SU:


MK -- PH034 -- 1182 12/10/91 16:11 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Dec 10, 1991
Words:227
Previous Article:PITTSBURGH INDEX EDGES HIGHER IN OCTOBER
Next Article:UNITED ACQUIRES PAN AM'S LATIN AMERICAN OPERATIONS
Topics:


Related Articles
ENSERCH SELLS $150 MILLION OF NOTES
OCCIDENTAL PETROLEUM $150 MILLION TWO-YEAR MEDIUM TERM NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
OCCIDENTAL PETROLEUM $100 MILLION 30-YEAR MEDIUM-TERM NOTES RATED 'BBB' BY FITCH -- FITCH FINANCIAL WIRE --
SUN TO SPEND $150 MILLION ON TWO ENVIRONMENTAL PROJECTS
SUN CEO CONFIDENT IN COMPANY'S PERFORMANCE
SEAGULL ENERGY CORPORATION ANNOUNCES SALE COMPLETION IN DEBT SECURITIES
SUN TO SELL $250 MILLION OF DEBT
Sun Company Board Authorizes Additional $150 Million For Stock Repurchase
DCR Initiates Rating of Sun Company, Inc.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters