October 01, 2014 12:47 PM ET

Oil, Gas and Consumable Fuels

Company Overview of NuStar Logistics, L.P.

Company Overview

NuStar Logistics, L.P. engages in the terminalling, storage, and transportation of petroleum products; the transportation of anhydrous ammonia; and the refining and marketing of petroleum. The company operates in three segments: Storage, Transportation, and Asphalt and Fuels Marketing. The Storage segment operates terminal and storage facilities that provide storage and handling services for petroleum products, specialty chemicals, crude oil and other feedstocks, and other liquids; and storage tanks that are used to store and deliver crude oil. This segment also provides various services, such as blending, filtering, pilotage, tug assistance, line handling, launch, emergency response, and ot...

2330 N Loop 1604 West

San Antonio, TX 78248

United States

Founded in 1999

Phone:

210-918-2000

Key Executives for NuStar Logistics, L.P.

Chief Executive Officer of Nustar GP
Age: 48
Chief Financial Officer of Nustar GP
Age: 55
Principal Accounting Officer of Nustar GP
Age: 44
Chief Administrative Officer of Nustar Gp Llc and Executive Vice President of Nustar Gp Llc
Age: 57
Executive Vice President of Nustar GP
Age: 57
Compensation as of Fiscal Year 2014.

NuStar Logistics, L.P. Key Developments

NuStar Logistics, L.P. Announces Pricing of Senior Notes

NuStar Logistics, L.P., a wholly owned operating subsidiary of NuStar Energy L.P., announced that it has priced $300 million principal amount of 6.750% senior notes due February 1, 2021. The senior notes were priced at 100% of par at a yield to maturity of 6.750%. The settlement date for the offering is expected to be August 19, 2013, subject to customary closing conditions. The notes will be fully and unconditionally guaranteed by NuStar Energy, as parent guarantor, and NuStar Pipeline Operating Partnership L.P. (NuPOP), a wholly owned operating subsidiary of NuStar Energy, as affiliate guarantor. NuStar expects to receive aggregate net proceeds (before expenses) of approximately $296.6 million from this offering, which it intends to use for general partnership purposes, including the repayment of a portion of the outstanding borrowings under NuStar Logistics' revolving credit facility. NuStar used such borrowings for general partnership purposes, including capital expenditures, working capital requirements, the repayment of the $250 million outstanding principal amount of NuPOP's 5.875% senior notes on June 3, 2013 and the repayment of the $229.9 million outstanding principal amount of NuStar Logistics' 6.05% senior notes on March 15, 2013.

NuStar Energy Mulls Acquisitions

NuStar Energy L.P. (NYSE:NS) is seeking acquisitions. The company expects to use the net proceeds from the sale of common units and debt securities of NuStar Logistics, L.P. and NuStar Pipeline Operating Partnership L.P. for acquisitions.

NuStar Logistics, L.P.(NYSE:NSS) added to S&P Preferred Stock Index

NuStar Logistics, L.P.(NYSE:NSS) added to S&P Preferred Stock Index

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Merger/Acquisition
February 3, 2014
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