Preferred Stock Channel
Quotes delayed 20 minutes

Email EnvelopeFree NS Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Hold (2.00 out of 4)
0th percentile
(ranked lower than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
www.valueforum.com/7/

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Thursday, March 28, 4:30 PM

Slide #266. NuStar Energy L.P. Preferred Stock Offering

Company: NuStar Energy L.P. (NYSE:NS)
Date announced: 4/25/2017
Shares Offered: 14,000,000
Date of Pricing: 4/25/2017
Price Per Share: $25.00
Preferred Stock Offering Details: NuStar Energy L.P. (NYSE:NS) ("NuStar" or the "Partnership") announced today that it has priced an underwritten public offering of 14,000,000 of its 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Preferred Units") at a price of $25.00 per unit. The Partnership has granted the underwriters a 30-day option to purchase up to an additional 1,400,000 Preferred Units from the Partnership at the public offering price less the underwriting discount. Distributions on the Preferred Units will be payable from and including the date of original issue to, but not including, June 15, 2022, at a rate of 7.625% per annum of the stated liquidation preference of $25.00. On and after June 15, 2022, distributions on the Preferred Units will accumulate at a percentage of the $25.00 liquidation preference equal to an annual floating rate of three-month LIBOR plus a spread of 5.643%. The offering is expected to close on or about April 28, 2017, subject to customary closing conditions.

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 Page at Preferred Stock Channel »

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%
 

Open the NS Page at Preferred Stock Channel (in a new window) »

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

Preferred Stock Offerings - Slide 266 of 619 | www.PreferredStockChannel.com | Copyright © 2011 - 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 dividend 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.