NuStar Energy Announces Proposed $322 Million Tax Exempt Bond Remarketing Transaction
Nustar Energy L.P. Common Units (NS)
Last nustar energy l.p. common units earnings: 2/5 06:45 am
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US:NYSE Investor Relations:
investor.nustarenergy.com/phoenix.zhtml?c=123440&p=irol-irhome_pf
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Source: Business Wire
SAN ANTONIO--(BUSINESS WIRE)--NuStar Logistics, L.P. (the “Company”), a wholly owned operating subsidiary of NuStar Energy L.P. (NYSE: NS) (“NuStar Energy”), announced today that it has launched a conversion of the interest rate period and remarketing of approximately $322 million aggregate principal amount of Parish of St. James, State of Louisiana Revenue Bonds (NuStar Logistics, L.P. Project) Series 2008, Series 2010, Series 2010A, Series 2010B and Series 2011 (the “Bonds”) previously issued by the Parish of St. James, State of Louisiana. Following the conversion and remarketing, the interest rate period on the Bonds will be a long-term fixed rate to maturity or a period to be specified later by the Company. The Company will continue to be obligated to service the principal and interest payments associated with the Bonds and following the conversion, the Company’s obligations will be guaranteed by NuStar Energy and NuStar Pipeline Operating Partnership L.P. This conversion and
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