Press release from Business Wire
NuStar Logistics, L.P. Announces Public Offering of Senior Notes
Monday, August 09, 2010
NuStar Logistics, L.P. Announces Public Offering of Senior Notes08:52 EDT Monday, August 09, 2010 SAN ANTONIO (Business Wire) -- NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS), today announced that it plans to issue senior notes pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC). The partnership currently intends to use the net proceeds from the offering to repay a portion of the outstanding principal balance under its revolving credit facility. Banc of America Securities LLC, BNP Paribas Securities Corp., J.P. Morgan Securities Inc. and Mizuho Securities USA Inc. are acting as joint book-running managers for this transaction. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering may be obtained from any of the underwriters, including from Banc of America Securities LLC, Attn: Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001, telephone: 1-800-294-1322, Email: email@example.com, from BNP Paribas Securities Corp., Attn: Syndicate Desk, 787 Seventh Avenue, New York, New York 10019, telephone: 1-800-854-5674, or from J.P. Morgan Securities Inc., Attn: High Grade Syndicate Desk, 383 Madison Avenue, New York, New York 10179, telephone: 212-834-4533. You may also obtain these documents for free when they are available by visiting the SEC's website at www.sec.gov. This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering may be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. NuStar Energy L.P. is a publicly traded, limited partnership based in San Antonio, with 8,417 miles of pipeline; 89 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids; and two asphalt refineries with a combined throughput capacity of 104,000 barrels per day. The partnership's combined system has over 93 million barrels of storage capacity. One of the largest asphalt refiners and marketers in the U.S. and the second largest independent liquids terminal operator in the nation, NuStar has operations in the United States, the Netherlands Antilles, Canada, Mexico, the Netherlands and the United Kingdom. This press release includes forward-looking statements regarding future events. All forward-looking statements are based on the partnership's beliefs as well as assumptions made by and information currently available to the partnership. These statements reflect the partnership's current views with respect to future events and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P.'s 2009 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission.