NuStar borrows from revolver to redeem convertible preferred units

By Wendy Van Sickle

Columbus, Ohio, Aug. 1 – NuStar Logistics, LP used borrowings under its revolving credit facility to fund the redemption of 2.56 million series D cumulative convertible preferred units on Monday at a redemption price of $32.18 apiece, according to an 8-K filing with the Securities and Exchange Commission.

NuStar is a San Antonio-based limited partnership and independent liquids terminal and pipeline operator.

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