NuStar Logistics offers notes to fund acquisition of Navigator Energy

By Devika Patel

Knoxville, Tenn., April 20 – NuStar Logistics, LP is planning to price an offering of fixed-rate senior notes, according to a 424B3 filing with the Securities and Exchange Commission.

The notes are guaranteed by NuStar Energy LP and NuStar Pipe Line Operating Partnership, LP.

The notes feature a make-whole call and then are callable at par.

Mizuho Securities USA Inc., Barclays, J.P. Morgan Securities LLC, MUFG, PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are the bookrunners. BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Comerica Securities, Scotia Capital (USA) Inc. and SMBC Nikko are the co-managers.

The San Antonio-based provider of petroleum terminaling and storage services plans to use the proceeds to fund a portion of the purchase price of its planned acquisition of Navigator Energy Services, LLC and to repay borrowings under its revolving credit agreement.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.