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| | Exhibit 5.1 |
May 20, 2022
Sunoco LP
Sunoco Finance Corp.
8111 Westchester Drive, Suite 400
Dallas, Texas 75225
| Re: Registration | Statement on Form S-4 |
Ladies and Gentlemen:
We have acted as counsel for Sunoco LP, a Delaware limited partnership (the “Partnership”), Sunoco Finance Corp., a Delaware corporation (“Finance Corp” and, together with the Partnership, the “Issuers”), Aloha Petroleum LLC, a Delaware limited liability company (“Aloha LLC”), Sunmarks, LLC, a Delaware limited liability company (“Sunmarks”), Sunoco, LLC, a Delaware limited liability company (“Sunoco LLC”), Sunoco Caddo LLC, a Delaware limited liability company (“Sunoco Caddo”), Sunoco NLR LLC, a Delaware limited liability company (“Sunoco NLR”), Sunoco Refined Products LLC (“Sunoco Refined” and, together with Aloha LLC, Sunmarks, Sunoco LLC, Sunoco Caddo and Sunoco NLR, the “Delaware Guarantors”), Sunoco Retail, a Pennsylvania limited liability company (“Sunoco Retail”) and Aloha Petroleum, Ltd., a Hawaii corporation (“Aloha Ltd.” and, together with the Delaware Guarantors and Sunoco Retail, the “Guarantors,” and excluding Sunoco Retail and Aloha Ltd., the “Covered Guarantors”), with respect to the preparation of the Registration Statement on Form S-4 (the “Registration Statement”) filed by the Issuers and the Guarantors with the Securities and Exchange Commission (the “Commission”) in connection with (i) the issuance by the Issuers of up to $800,000,000 aggregate principal amount of their 4.500% Senior Notes due 2030 (the “New Notes”) registered pursuant to the Registration Statement under the Securities Act of 1933, as amended (the “Securities Act”), in exchange for up to $800,000,000 aggregate principal amount of the Issuers’ outstanding 4.500% Senior Notes due 2030 (the “Old Notes” and, together with the New Notes, the “Notes”) and (ii) the Guarantors’ unconditional guarantee of the payment of the New Notes (the “Guarantees”) also being registered pursuant to the Registration Statement under the Securities Act.
The New Notes will be issued pursuant to an Indenture dated as of October 20, 2021 (the “Indenture”), among the Issuers, the Guarantors and U.S. Bank National Association, as trustee. The Indenture provides that it, the Guarantees and the Notes are to be governed by, and construed in accordance with, the laws of the State of New York.
In rendering the opinions set forth below, we have examined originals or copies, certified or otherwise identified to our satisfaction, of the Registration Statement, the Indenture and such other certificates, statutes, documents and other instruments as we considered appropriate for purposes of the opinions expressed below, including the amended and restated certificate of limited partnership and the first amended and restated agreement of limited partnership of the Partnership, as amended, the articles of incorporation and bylaws of Finance Corp. and the certificate of formation and limited liability company agreement of each of the Covered Guarantors. In connection with rendering the opinions set forth below, we have assumed that (i) all signatures contained in all documents examined by us are genuine, (ii) all information contained in all documents reviewed by us is true and correct, (iii) the legal capacity of natural
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