NuStar to offer senior notes in money-raising move

NuSTar Logistics, L.P., the San Antonio based energy company with storage tanks and pipelines in Oklahoma announced the offering of senior notes.

The company is following through after making a filing with the Securities and Exchange Commission. NuStar said the notes will be fully and unconditionally guaranteed by NuStar Energy as the parent guarantor and NuStar Pipeline Operating Partnership L.P.

Net proceeds will be used for future capital expenditures and to repay amounts outstanding under NuStar Logistics, L.P’s revolving credit agreement.

RBC Capital Markets, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., SunTrust Robinson Humphrey, Inc., Barclays Capital Inc., BBVA Securities Inc., DNB Markets, Inc., PNC Capital Markets LLC, Scotia Capital (USA) Inc., Sumitomo Mitsui Banking Corporation, TD Securities (USA) LLC and U.S. Bancorp Investments, Inc. are acting book-running managers for the offering.


NuStar Energy currently has approximately 9,800 miles of pipeline and 75 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. NuStar Energy’s combined system has more than 88 million barrels of storage capacity, and NuStar Energy has operations in the United States, Canada, Mexico and St. Eustatius in the Caribbean.

Its Oklahoma operations are located in Ardmore and Catoosa.


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