NuStar Energy Prices 6.2M Units at $48.94

NuStar Energy L.P.

announced the pricing of an offering of 6,200,000 common units at a public offering price of $48.94 per unit. The partnership has granted the underwriters a 30-day option to purchase up to 930,000 additional common units. In the offering, the partnership expects that 490,000 common units will be sold to William E. Greehey, the Chairman of the board of directors of NuStar GP, LLC. The offering is scheduled to close Monday, September 10, 2012. The partnership currently intends to use the net proceeds from the offering, including the general partner's proportionate capital contribution and any exercise of the underwriters' option to purchase additional units, for general partnership purposes, including repayment of outstanding borrowings under its revolving credit facility, working capital purposes and to finance potential future acquisitions.