PreferredStockChannel
NuStar Energy LP | 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NS.PRB)

Prospectus excerpt:  We are offering 14,000,000 of our 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units, liquidation preference $25.00 per unit (the ÙSeries B Preferred Unitsˆ). Members of the Board of Directors of NuStar GP, LLC may purchase Series B Preferred Units directly from the underwriters. Distributions on the Series B Preferred Units are cumulative from the date of original issue and will be payable quarterly in arrears on the 15th day of March, June, September and December of each year, when, as and if declared by our general partner. The initial distribution on the Series B Preferred Units offered hereby will be payable on September 15, 2017 in an amount equal to approximately $0.725435 per Series B Preferred Unit. Distributions on the Series B Preferred Units will be payable out of amounts legally available therefor from and including the date of original issue to, but not including, June 15, 2022 at a rate equal to 7.625% per annum of the stated liquidation preference. On and after June 15, 2022, distributions on the Series B Preferred Units will accumulate at a percentage of the $25.00 liquidation preference equal to an annual floating rate of the three-month LIBOR plus a spread of 5.643%.

Full Prospectus PDF », Secondary Prospectus PDF », NS Page »

Series:B
Alternate symbology:NS-B, NS-PB, NSprB
Redeemable?:Yes
Call Date:6/15/2022 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:Yes
Shares Offered:14,000,000
Overallotment:1,400,000
Liquidation Preference:$25.00
Recent Market Price:$25.26
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$0.26 (1.04%)
Annualized Dividend:2.8206
Recent Ex-Date:2/29/2024
Current Yield:11.17%
Original Coupon:7.63%
Pay Period:Quarterly
Pay Dates:15-Mar, 15-Jun, 15-Sep, 15-Dec
CDx3 Compliance Rating: Learn NS.PRB's Rating
NuStar Energy is engaged in the transportation of petroleum products and anhydrous ammonia, and the terminalling, storage and marketing of petroleum products. Co.'s business segments are: pipeline, storage and fuels marketing. Co.'s pipeline operations consist of the transportation of refined products, crude oil and anhydrous ammonia. Co.'s storage segment consists of facilities that provide storage, handling and other services for petroleum products, crude oil, specialty chemicals and other liquids. Co.'s fuels marketing segment includes its bunkering operations in the Gulf Coast, as well as certain of its blending operations associated with its Central East System.

Preferreds: NS.PRA, NS.PRB, NS.PRC


Open the NS Information Page »
Name: 
NuStar Energy LP
Website: 
www.nustarenergy.com
Sector: 
Oil & Gas Equipment & Services
Number of ETFs Holding NS: 
6 (see which ones)
Total Market Value Held by ETFs: 
$14,072,517
Total Market Capitalization: 
$2,532,000,000
% of Market Cap. Held by ETFs: 
0.56%

Quotes delayed 20 minutes

Email EnvelopeFree Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

NuStar Energy LP | 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (NS.PRB) Information Page | Preferred Stock Channel | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.