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Article: NuStar Energy Reports Public Offering of Common Units
- Article from:
- Manufacturing Close-Up
- Article date:
- November 13, 2009
CopyrightCopyright 2009 Manufacturing Close-Up. Provided by ProQuest LLC. (Hide copyright information)
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NuStar Energy L.P. announced that it plans to conduct an offering
of 5,000,000 common units pursuant to an effective shelf
registration statement previously filed with the Securities and
Exchange Commission.
According to a release, the underwriters will be granted a 30-
day option to purchase up to 750,000 additional common units. 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 potential future acquisitions and growth capital
expenditures. Pending the use of the proceeds for ...