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Vinson & Elkins advised Sunoco LP (“Sunoco”) in its entry into a definitive agreement with NuStar Energy L.P. (“NuStar”) whereby Sunoco will acquire NuStar in an all-equity transaction valued at approximately $7.3 billion, including assumed debt.

Vinson & Elkins advised Sunoco LP in its entry into a definitive agreement for the sale of 204 convenience stores to 7-Eleven, Inc. for approximately $1.0 billion.

Vinson & Elkins advised Moda Midstream LLC (“Moda”) in connection with its entry into a definitive agreement with Exolum, a global leader in liquid product storage and logistics, pursuant to which Exolum will acquire 50% interest in Vopak Moda Houston LLC, an ammonia storage, import and export terminal located on the Houston Ship Channel, from Moda.

Vinson & Elkins advised HF Sinclair Corporation (the “Company”), Holly Energy Partners, L.P. (“HEP”) and Holly Energy Finance Corp. (together with HEP, the “HEP Issuers”) in connection with (i) private offers to exchange any and all outstanding (a) 6.375% Senior Notes due 2027 and (b) 5.000% Senior Notes due 2028 previously issued by the HEP Issuers (together, the “HEP Notes”) for new notes to be issued by the Company and cash and (ii) related consent solicitations to adopt certain proposed amendments to the indentures governing each series of the HEP Notes, commenced by the Company on October 30, 2023.

Vinson & Elkins served as issuer’s counsel in connection with Sunoco LP’s private offering of $500 million in aggregate principal amount of 7.000% senior notes due 2028.

As part of its annual “Practice Groups of the Year” series, Law360 has named Vinson & Elkins as an “Energy Group of the Year” for the 12th time.

Vinson & Elkins is advising Chevron Phillips Chemical in connection with its agreement with QatarEnergy to proceed on construction of a $6 billion integrated polymers complex in Ras Laffan Industrial City, Qatar.

Vinson & Elkins advised SCF Partners, Inc., an energy investment firm, in its investment in Westbrook Energy Group, a leading manufacturer of pressure control connection products for the downstream, natural gas distribution, LNG, upstream, and general industrial markets.

Vinson & Elkins advised Hartree Partners, LP (“Hartree”) in its entry into a definitive merger agreement pursuant to which Hartree acquire all of the outstanding common units of Sprague Resources LP not already owned by Hartree and its affiliates.

Vinson & Elkins advised The Sinclair Companies, a privately held company that wholly owns Sinclair Oil Corporation, in connection with definitive agreements to combine substantially all of Sinclair Oil’s refining, renewable diesel, and logistics assets with those of HollyFrontier Corporation (“HollyFrontier”) and Holly Energy Partners, L.P., a HollyFrontier-affiliated midstream master limited partnership.

Vinson & Elkins advised Hartree Partners (“Hartree”) in a transaction whereby a subsidiary of Axel Johnson Inc. (“Axel Johnson”) has entered into an agreement to sell to Hartree the general partner interest, the incentive distribution rights and all of the limited partner interests that Axel Johnson owns in Sprague Resources LP.