NuStar reduces revolver to $1.2 billion, extends maturity to 2021

By Wendy Van Sickle

Columbus, Ohio, Sept. 12 – NuStar Energy LP amended its revolving credit agreement dated Oct. 29, 2014 with JPMorgan Chase Bank, NA as administrative agent to extend the maturity to Oct. 29, 2021, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, the Thursday amendment reduced borrowing capacity to $1.2 billion from $1.4 billion.

SunTrust Bank and Mizuho Bank, Ltd. are the co-syndication agents. Wells Fargo Bank, NA and PNC Bank, NA are the co-documentation agents.

NuStar is a San Antonio-based provider of storage and transportation for petroleum products.

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