- NuStar Logistics, a wholly owned operating subsidiary of NuStar Energy (NS), intends to commence an offering of senior notes.
- Notes will be fully and unconditionally guaranteed by NuStar Energy, as parent guarantor, and NuStar Pipeline, a wholly owned operating subsidiary of NuStar Energy, as affiliate guarantor.
- Net proceeds will be used for the repayment of indebtedness, including all amounts outstanding under NuStar Logistics term loan agreement and the related repayment premium and a portion of borrowings outstanding under NuStar Logistics revolving credit agreement.