Brief: Sunoco To Acquire NuStar Energy In Deal Valued At $7.3 Bln

NuStar Energy LP

22/01/2024 12:51

Jan 22 (Reuters) - NuStar Energy LP  NS.N :
    * SUNOCO LP TO ACQUIRE NUSTAR ENERGY L.P. IN TRANSACTION
VALUED AT
$7.3 BILLION
    * NUSTAR ENERGY LP: NUSTAR COMMON UNITHOLDERS WILL RECEIVE
0.400
SUNOCO COMMON UNITS FOR EACH NUSTAR COMMON UNIT
    * NUSTAR ENERGY LP - DEAL IMMEDIATELY ACCRETIVE WITH 10%+
ACCRETION TO DISTRIBUTABLE CASH FLOW PER LP UNIT BY THIRD YEAR
FOLLOWING CLOSE
    * NUSTAR ENERGY LP: SUNOCO SECURED $1.6 BILLION 364-DAY
BRIDGE
TERM LOAN TO REFINANCE NUSTAR'S SERIES A, B AND C PREFERRED
UNITS, SUBORDINATED NOTES & OTHERS
    * NUSTAR ENERGY LP - SEES AT LEAST $150 MILLION OF RUN-RATE
SYNERGIES BY THIRD YEAR FOLLOWING CLOSE

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Further company coverage:  NS.N 

 ((Reuters.Briefs@thomsonreuters.com;))