-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CAdclLoI7+8ipwaEtep4dPa6tTD4Yfxx3R1wABlN6avRY4JnUtHkZCXypyzO9TdF BRHBMDthbDEP7sRKgX6gtw== 0001193125-08-072391.txt : 20080401 0001193125-08-072391.hdr.sgml : 20080401 20080401163947 ACCESSION NUMBER: 0001193125-08-072391 CONFORMED SUBMISSION TYPE: FWP PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080401 GROUP MEMBERS: KANEB PIPE LINE OPERATING PARTNERSHIP, L.P. GROUP MEMBERS: NUSTAR ENERGY L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NuStar Logistics, L.P. CENTRAL INDEX KEY: 0001294683 IRS NUMBER: 742958817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP SEC ACT: 1934 Act SEC FILE NUMBER: 333-143095-02 FILM NUMBER: 08729877 BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: (210) 345-2000 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 FORMER COMPANY: FORMER CONFORMED NAME: Valero Logistics Operations, L.P. DATE OF NAME CHANGE: 20040619 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: NuStar Logistics, L.P. CENTRAL INDEX KEY: 0001294683 IRS NUMBER: 742958817 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: FWP BUSINESS ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 BUSINESS PHONE: (210) 345-2000 MAIL ADDRESS: STREET 1: P.O. BOX 696000 CITY: SAN ANTONIO STATE: TX ZIP: 78269-6000 FORMER COMPANY: FORMER CONFORMED NAME: Valero Logistics Operations, L.P. DATE OF NAME CHANGE: 20040619 FWP 1 dfwp.htm FREE WRITING PROSPECTUS Free Writing Prospectus

Pricing Term Sheet

Filed Pursuant to Rule 433

Registration No. 333-143095

April 1, 2008

NuStar Logistics, L.P.

7.65% Senior Notes due 2018

 

Issuer:

   NuStar Logistics, L.P.

Guarantor:

   NuStar Energy L.P. and NuStar Pipeline Operating Partnership L.P. (formerly known as Kaneb Pipe Line Operating Partnership, L.P.) will guarantee, on a senior, unsecured basis, payment of the principal of, premium, if any, and interest on the notes.

Security:

   7.65% Senior Notes due 2018

Size:

   $350,000,000

Maturity:

   April 15, 2018

Coupon:

   7.65%

Price to Public:

   99.802%

Yield to Maturity:

   7.678%

Spread to Benchmark Treasury:

   +412.5 bp

Benchmark Treasury:

   3.50% due February 15, 2018

Benchmark Treasury Yield:

   3.553%

Interest Payment Dates:

   April 15 and October 15, commencing October 15, 2008

Make-Whole Call:

   T+50 bp

Settlement:

   T+3; April 4, 2008

CUSIP:

   67059T AA3

Ratings (Moody’s / S&P / Fitch):

   Baa3/BBB-/BBB-

Joint Bookrunners:

   Barclays Capital Inc., J.P. Morgan Securities Inc. and SunTrust Robinson Humphrey, Inc.

Note: A securities rating is not a recommendation to buy, sell, or hold securities and may be subject to review, revision, suspension, reduction, or withdrawal at any time by the assigning rating agency.

The issuer has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, the issuer, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Barclays Capital Inc. toll free at 1-888-227-2775, Ext. 2663, by calling J.P. Morgan Securities Inc. collect at 1-212-834-4533, or by calling SunTrust Robinson Humphrey, Inc. toll free at (800) 685-4786.

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