UPDATE 1-NuStar common unit offering priced at 4.5 pct discount

Tue Nov 10, 2009 2:44pm GMT
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* Says offering priced at $52.45

* Says offering of 5 mln units

Nov 10 (Reuters) - NuStar Energy LP (NS.N: Quote, Profile, Research), which operates oil pipelines, storage facilities and asphalt refineries, said a public offering of its common units was priced at a 4.5 percent discount from the previous day's closing price.

The company's 5 million common unit offering was priced at $52.45 per common unit.

Units of the company were down 4.5 percent at $52.48 Tuesday morning on the New York Stock Exchange.

NuStar joins an inflated list of energy firms that have chosen equity offerings as a means to raise funds to bolster their capital budget and expansion plans.

For the alerts, please double click [ID:nWNAB3740] (Reporting by Arup Roychoudhury in Bangalore; Editing by Jarshad Kakkrakandy)

 
 

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