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NuStar Energy unit completes $500M senior notes issuance

NuStar Energy LP subsidiary NuStar Logistics LP has completed the issuance of 6.00% senior notes with a principal amount of $500 million, which are due on June 1, 2026.

In a securities filing dated May 22, NuStar said the interest is payable on June 1 and Dec. 1 of each year starting Dec. 1 of this year.

Proceeds would be used for general partnership purposes, including the funding of future capital expenditures and to pay down debt under NuStar Logistics' revolving credit agreement.