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Sunoco Amends Credit Agreement with Bank of America

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Confident Investing Starts Here:

An announcement from Sunoco ( (SUN) ) is now available.

On May 16, 2025, Sunoco LP amended its Third Amended and Restated Credit Agreement with Bank of America and other lenders. The amendment increased the letter of credit sublimit to $250 million, excluded Parkland and its subsidiaries from certain guarantee requirements, and allowed the partnership to incur specific types of bridge debt. Additionally, $1.50 billion of previously disclosed debt financing commitments were terminated.

The most recent analyst rating on (SUN) stock is a Buy with a $59.00 price target. To see the full list of analyst forecasts on Sunoco stock, see the SUN Stock Forecast page.

Spark’s Take on SUN Stock

According to Spark, TipRanks’ AI Analyst, SUN is a Outperform.

Sunoco’s overall score reflects its strong financial base and strategic growth initiatives. The company’s profitability and cash flow management, combined with favorable valuation metrics, provide a solid foundation. The positive earnings call and stable technical indicators further enhance confidence in its future performance, despite challenges in some segments.

To see Spark’s full report on SUN stock, click here.

More about Sunoco

Average Trading Volume: 410,628

Technical Sentiment Signal: Strong Buy

Current Market Cap: $8.71B

See more insights into SUN stock on TipRanks’ Stock Analysis page.

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