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Thursday, October 19, 2006

Susser IPO Priced

Susser Holdings Corporation (SUSS) priced its 6,500,000 share IPO of its common stock at a price to the public of $16.50 per share. All of the shares are being sold by Susser Holdings, and the proceeds will be used to redeem a portion of its outstanding senior notes, repay outstanding revolving credit facilities and for general corporate purposes.

Susser Holdings operates 320 convenience stores in Texas and Oklahoma and 340 branded dealers via its wholesale fuel division.

The offering is led by Merrill Lynch as sole book runner; and co-managers are J.P. Morgan, Jefferies, and Morgan Keegan.

Jon C. Ogg
October 19, 2006

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