|Sunoco, Inc. To Redeem Bonds|
PHILADELPHIA, May 4 /PRNewswire-FirstCall/ -- Sunoco, Inc. (NYSE: SUN) announced today that it will redeem all of its remaining 9-3/8% Sinking Fund Debentures, CUSIP No.: 866762 AE 7 (the "Bonds"), on June 5, 2006. These Bonds are listed on the New York Stock Exchange, and trade under the "SUN16" symbol. The final maturity date was originally June 1, 2016.
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The redemption price for these Bonds is 100 percent of the principal amount, plus accrued interest to the redemption date of June 5, 2006. All interest on the Bonds will cease to accrue on and after the redemption date.
The Bonds will be redeemed by the Trustee: Citibank, N.A., Corporate Trust Operations, 111 Wall Street, 15th Floor, New York, NY 10005.
A redemption notice will be sent directly to holders of these Bonds no later than May 5, 2006. At the present time, the outstanding principal amount of the Bonds is Fifty-Six Million Four Hundred Fifty-Two Thousand U.S. Dollars ($56,452,000). The original issue was Two Hundred Million U.S. Dollars ($200,000,000).
Sunoco, Inc., headquartered in Philadelphia, PA, is a leading manufacturer and marketer of petroleum and petrochemical products. With 900,000 barrels per day of refining capacity, over 4,700 retail sites selling gasoline and convenience items, approximately 5,400 miles of crude oil and refined product owned and operated pipelines and 38 product terminals, Sunoco is one of the largest independent refiner-marketers in the United States. Sunoco is a significant manufacturer of petrochemicals with annual sales of approximately five billion pounds, largely chemical intermediates used to make fibers, plastics, film and resins. Utilizing a unique, patented technology, Sunoco also has the capacity to manufacture over 2.5 million tons annually of high- quality metallurgical-grade coke for use in the steel industry. For additional information, visit Sunoco's Web site at http://www.Sunocoinc.com.
SOURCE Sunoco, Inc. -0- 05/04/2006 /CONTACT: Jerry Davis (media), +1-215-977-6298, or Tom Harr (investors), +1-215-977-6764, both of Sunoco, Inc./ /Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/19981105/PHTH006 PRN Photo Desk, email@example.com/ /Company News On-Call: http://www.prnewswire.com/comp/829144.html/ /Web site: http://www.SunocoInc.com / (SUN) CO: Sunoco, Inc.; Citibank, N.A. ST: Pennsylvania IN: OIL SU: MZ -- PHTH048 -- 3894 05/04/2006 16:30 EDT http://www.prnewswire.com