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NuStar Energy L.P. Declares Conditional Special Distribution

NuStar Energy L.P. Declares Conditional Special Distribution

NuStar Energy L.P. 宣佈有條件特別分配
NuStar Logistics LP ·  04/15 00:00

SAN ANTONIO--(BUSINESS WIRE)--Apr. 15, 2024-- NuStar Energy L.P. (NYSE: NS) today announced that the board of directors of NuStar GP, LLC, the general partner of its general partner, has declared a special distribution of $0.212 per NuStar Energy L.P. common unit (the "special distribution"), to be paid on May 2, 2024 to holders of record of NuStar Energy L.P. common units as of April 26, 2024. Payment of the special distribution is subject to and conditioned upon holders of NuStar Energy L.P.'s common units approving its previously announced acquisition by Sunoco LP (NYSE: SUN) at NuStar Energy L.P.'s special meeting, which will be held at 9:00 a.m. Central Time on May 1, 2024, and the merger agreement with respect to the acquisition not having been terminated. If approval of the pending acquisition is not obtained at the special meeting (including due to the special meeting being postponed, adjourned or canceled) or the merger agreement with respect to the acquisition is terminated, the special distribution will not be paid until a date, and to holders of record, later determined by the board of directors of NuStar GP, LLC, or it may not be paid at all. The details of the special meeting have been outlined in the definitive proxy statement filed by NuStar Energy L.P. on April 3, 2024 with the Securities and Exchange Commission and mailed to holders of common units entitled to notice of, and to vote at, the special meeting.

聖安東尼奧--(美國商業資訊)--2024年4月15日--NuStar Energy L.P.(紐約證券交易所代碼:NS)今天宣佈,其普通合夥人NuStar GP, LLC的董事會已宣佈向NuStar Energy L.P. 普通單位每單位0.212美元的特別分配(“特別分配”),將於2024年5月2日支付給截至NuStar Energy L.P. 普通單位的登記持有人 2024 年 4 月 26 日。特別分配的支付受NuStar Energy L.P的持有人約束並以其爲條件。”的普通單位批准了Sunoco LP(紐約證券交易所代碼:SUN)先前宣佈的對NuStar Energy L.P的收購特別會議將於2024年5月1日中部時間上午9點舉行,有關收購的合併協議尚未終止。如果特別會議(包括由於特別會議推遲、休會或取消)未獲得批准或與收購有關的合併協議終止,則特別分配要到某個日期才會支付,也不會支付給日後由NuStar GP, LLC董事會確定的登記持有人,也可能根本不支付。NuStar Energy L.P. 於2024年4月3日向美國證券交易委員會提交的最終委託書中概述了特別會議的細節,該委託書已郵寄給有權獲得特別會議通知並在特別會議上投票的普通單位持有人。

NuStar Energy L.P. is an independent liquids terminal and pipeline operator. NuStar Energy L.P. currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership's combined system has approximately 49 million barrels of storage capacity, and NuStar Energy L.P. has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.

NuStar Energy L.P. 是一家獨立的液體碼頭和管道運營商。NuStar Energy L.P. 目前擁有約9,500英里的管道和63個終端和儲存設施,用於儲存和配送原油、成品油、可再生燃料、氨和特種液體。該合作伙伴關係的合併系統擁有約4900萬桶的存儲容量,NuStar Energy L.P. 在美國和墨西哥開展業務。欲了解更多信息,請訪問 NuStar Energy L.P. '的網站位於 www.nustarenergy.com 及其可持續發展頁面位於 https://sustainability.nustarenergy.com/

This release serves as qualified notice to nominees under Treasury Regulation Sections 1.1446-4(b)(4) and (d) and 1.1446(f). Please note that 100% of NuStar Energy L.P.'s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. 100% of the distribution is in excess of cumulative net income for purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Accordingly, all of NuStar Energy L.P.'s distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate for individuals and corporations, as applicable. Nominees, and not NuStar Energy L.P., are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of foreign investors.

根據美國財政部法規第1.1446-4(b)(4)和(d)條以及第1.1446(f)條,本新聞稿作爲向被提名人發出的有條件的通知。請注意,NuStar Energy L.P. 100% 的股份。”s 向外國投資者的分配歸因於與美國貿易或業務有效相關的收入。就美國財政部法規第1.1446 (f) -4 (c) (2) (iii) 條而言,100%的分配額超過了累計淨收益。因此,所有 NuStar Energy L.P. 's 向外國投資者的分配須按個人和公司的最高有效稅率(如適用)繳納聯邦所得稅預扣稅。被提名人,而不是NuStar Energy L.P.,被視爲扣繳義務人,負責預扣他們代表外國投資者收到的分配。

No Offer or Solicitation

不得提出要約或邀請

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

本通信不構成出售要約或徵求購買任何證券的要約或徵求任何投票或批准,在根據任何此類司法管轄區的證券法進行註冊或獲得資格認證之前,在任何司法管轄區出售此類要約、招標或出售爲非法的司法管轄區,也不得進行任何證券出售。除非通過符合經修訂的1933年《證券法》第10條要求的招股說明書,否則不得進行證券要約。

Additional Information about the Merger and Where to Find It

有關合並的更多信息以及在哪裏可以找到合併

In connection with the proposed transaction between Sunoco and NuStar, Sunoco filed a Registration Statement on February 26, 2024, as amended on March 20, 2024 (https://www.sec.gov/Archives/edgar/data/1552275/000119312524072729/d464008ds4a.htm), which includes a prospectus with respect to Sunoco's units to be issued in the proposed transaction and a proxy statement for NuStar's common unitholders (the "Proxy Statement/Prospectus"), and each party may file other documents regarding the proposed transaction with the SEC. The Registration Statement was declared effective by the SEC on April 3, 2024. NuStar filed the Definitive Proxy Statement/Prospectus with the SEC on April 3, 2024 (https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm), and it was first mailed to NuStar common unitholders on or about April 3, 2024. This communication is not a substitute for the Registration Statement, Proxy Statement/Prospectus or any other document that Sunoco or NuStar (as applicable) may file with the SEC in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF SUNOCO AND NUSTAR ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Registration Statement and the Proxy Statement/Prospectus, as well as other filings containing important information about Sunoco or NuStar, without charge at the SEC's website, at http://www.sec.gov. Copies of the documents filed with the SEC by Sunoco will be available free of charge on Sunoco's website at https://www.sunocolp.com/investors. Copies of the documents filed with the SEC by NuStar will be available free of charge on NuStar's website at https://investor.nustarenergy.com. The information included on, or accessible through, Sunoco's or NuStar's website is not incorporated by reference into this communication.

關於Sunoco和NuStar之間的擬議交易,Sunoco於2024年2月26日提交了註冊聲明,該聲明於2024年3月20日修訂(https://www.sec.gov/Archives/edgar/data/1552275/000119312524072729/d464008ds4a.htm),其中包括將在擬議交易中發佈的Sunoco單位的招股說明書和NuStar普通單位持有人的委託聲明(“委託書/招股說明書”),各方可以向美國證券交易委員會提交有關擬議交易的其他文件。美國證券交易委員會於2024年4月3日宣佈註冊聲明生效。NuStar 於 2024 年 4 月 3 日向美國證券交易委員會提交了最終委託書/招股說明書(https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm),它於2024年4月3日左右首次郵寄給NuStar普通單位持有人。本通信不能替代Sunoco或NuStar(如適用)可能向美國證券交易委員會提交的與擬議交易有關的註冊聲明、委託書/招股說明書或任何其他文件。在做出任何投票或投資決定之前,我們敦促SUNOCO和NUSTAR的投資者和證券持有人仔細完整地閱讀註冊聲明、委託書/招股說明書和已向美國證券交易委員會提交或將要提交的任何其他相關文件,以及對這些文件的任何修正或補充,因爲它們包含或將包含有關擬議交易和相關事項的重要信息。投資者和證券持有人可以在美國證券交易委員會的網站上免費獲得註冊聲明和委託書/招股說明書以及其他包含有關Sunoco或NuStar重要信息的文件副本,網址爲 http://www.sec.gov。Sunoco向美國證券交易委員會提交的文件的副本將在Sunoco的網站上免費提供,網址爲 https://www.sunocolp.com/investors。NuStar向美國證券交易委員會提交的文件的副本將在NuStar的網站上免費提供,網址爲 https://investor.nustarenergy.com。Sunoco或NuStar網站上包含或可通過Sunoco或NuStar網站訪問的信息未以引用方式納入本通信。

Participants in the Solicitation

招標參與者

Sunoco, NuStar and the directors and certain executive officers of their respective general partners may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of NuStar's general partner is set forth in (i) NuStar's Definitive Proxy Statement/Prospectus for the transaction (https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm), which was filed with the SEC on April 3, 2024, including under the headings "Units Beneficially Owned by Directors and Executive Officers," "Recommendation of the NuStar Managing GP Board and Reasons for the Merger," "Interests of NuStar Managing GP's Directors and Executive Officers in the Merger," "Securities Ownership of Certain Beneficial Owners and Management" and "Sunoco GP Director," (ii) NuStar's proxy statement for its 2024 annual meeting of unitholders (https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000010/ns-20240306.htm), which was filed with the SEC on March 6, 2024, including under the sections entitled "Information About Our Executive Officers," "Compensation Discussion and Analysis," "Summary Compensation Table," "Pay Ratio," "Grants of Plan-Based Awards," "Outstanding Equity Awards," "Option Exercises and Units Vested," "Pension Benefits," "Nonqualified Deferred Compensation," "Potential Payments Upon Termination or Change of Control," "Pay Versus Performance," "Director Compensation" and "Security Ownership," (iii) NuStar's Annual Report on Form 10-K for the year ended December 31, 2023 (https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000007/ns-20231231.htm), which was filed with the SEC on February 22, 2024, including under the sections entitled "Item. 10. Directors, Executive Officers and Corporate Governance," "Item 11. Executive Compensation," "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters" and "Item 13. Certain Relationships and Related Transactions and Director Independence" and (iv) subsequent statements of changes in beneficial ownership on file with the SEC. Information about the directors and executive officers of Sunoco's general partner is set forth in (i) Sunoco's Annual Report on Form 10-K for the year ended December 31, 2023, (https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm), which was filed with the SEC on February 16, 2024, including under the sections entitled "Item. 10. Directors, Executive Officers and Corporate Governance," "Item 11. Executive Compensation," "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters" and "Item 13. Certain Relationships and Related Transactions, and Director Independence" and (ii) subsequent statements of changes in beneficial ownership on file with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct or indirect interests, by security holdings or otherwise, are contained in the Proxy Statement/Prospectus and other relevant materials filed with the SEC when they become available.

Sunoco、NuStar及其各自普通合夥人的董事和某些執行官可能被視爲擬議交易的代理人招募的參與者。有關NuStar普通合夥人的董事和執行官的信息載於(i)NuStar的該交易的最終委託書/招股說明書(https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm),於2024年4月3日向美國證券交易委員會提交,標題包括 “董事和執行官實益擁有的單位”、“NuStar管理GP董事會的建議和合並原因”、“NuStar管理GP董事和執行官在合併中的權益”、“某些受益所有人和管理層的證券所有權” 和 “Sunoco GP董事”,(ii)NuStar的委託書 2024 年基金單位持有人年會 (https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000010/ns-20240306.htm),於2024年3月6日向美國證券交易委員會提交,包括在標題爲 “我們的執行官信息”、“薪酬討論與分析”、“薪酬彙總表”、“薪酬比率”、“基於計劃的獎勵發放”、“未償股權獎勵”、“期權行使和歸屬單位”、“養老金福利”、“非合格遞延薪酬”、“終止或控制權變更時的潛在付款”、“薪酬績效與績效對比” 的章節,” “董事薪酬” 和 “證券所有權”,(iii)NuStar截至年度的10-K表年度報告2023 年 12 月 31 日 (https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000007/ns-20231231.htm),該文件於2024年2月22日向美國證券交易委員會提交,包括根據標題爲 “第10項” 的部分提交。董事、執行官和公司治理,” “第11項。高管薪酬”,“第12項。某些受益所有人的擔保所有權及管理層和相關單位持有人事宜” 和 “第13項。某些關係和關聯交易以及董事獨立性” 以及(iv)隨後向美國證券交易委員會存檔的實益所有權變更聲明。有關Sunoco普通合夥人的董事和執行官的信息載於(i)Sunoco截至2023年12月31日止年度的10-K表年度報告,(https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm),該文件於2024年2月16日向美國證券交易委員會提交,包括根據標題爲 “第10項” 的部分提交。董事、執行官和公司治理,” “第11項。高管薪酬”,“第12項。某些受益所有人的擔保所有權及管理層和相關單位持有人事宜” 和 “第13項。某些關係和關聯交易,以及董事獨立性” 以及(ii)隨後向美國證券交易委員會存檔的受益所有權變更聲明。委託書/招股說明書以及向美國證券交易委員會提交的委託書/招股說明書和其他相關材料提供後,有關代理招標參與者的其他信息以及對他們的直接或間接利益的描述。

Cautionary Statement Regarding Forward-Looking Statements

關於前瞻性陳述的警示聲明

This communication contains "forward-looking statements" as defined by federal securities law. These forward-looking statements generally include statements regarding the potential transaction between Sunoco and NuStar, including any statements regarding the expected timetable for completing the potential transaction, the ability to complete the potential transaction, the expected benefits of the potential transaction, projected financial information, future opportunities, and any other statements regarding Sunoco's and NuStar's future expectations, beliefs, plans, strategies, objectives, estimates, predictions, projections, assumptions, intentions, resources, results of operations, financial condition and cash flows, future events or performance and the future impact of economic activity and the actions by oil-producing nations on their respective businesses. These forward-looking statements can generally be identified by the words such as "anticipates," "believes," "expects," "intends," "plans," "targets," "forecasts," "projects," "believes," "seeks," "schedules," "estimates," "positions," "pursues," "may," "could," "should," "will," "budgets," "outlook," "trends," "guidance," "focus," "on schedule," "on track," "is slated," "goals," "objectives," "strategies," "opportunities," "poised," "potential" and similar expressions. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect the current judgment of Sunoco's and NuStar's management regarding the direction of their respective businesses, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this communication. Key factors that could cause actual results to differ materially from those projected in the forward-looking statements include the ability to obtain the requisite NuStar unitholder approval; uncertainties as to the timing to consummate the potential transaction; the risk that a condition to closing the potential transaction may not be satisfied; the effects of disruption to Sunoco's or NuStar's respective businesses; the effect of the potential transaction on the parties' unit prices; the effects of industry, market, economic, political or regulatory conditions outside of the parties' control; transaction costs; Sunoco's ability to achieve the benefits from the proposed transaction, Sunoco's ability to promptly, efficiently and effectively integrate acquired operations into its own operations; unknown liabilities; and the diversion of management time on transaction-related issues. Other important factors that could cause actual results to differ materially from those in the forward-looking statements include those described in Item 1A of Sunoco's Annual Report on Form 10-K, filed with the SEC on February 16, 2024, and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are available on Sunoco's website at https://www.sunocolp.com/investors/sec-filings and on the SEC's website at http://www.sec.gov; those risks described in Item 1A of NuStar's Annual Report on Form 10-K, filed with the SEC on February 22, 2024, and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all of which are available on NuStar's website at https://investor.nustarenergy.com/sec-filings and on the SEC's website at http://www.sec.gov; and the risks described in NuStar's Definitive Proxy Statement/Prospectus for the transaction (https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm), filed with the SEC on April 3, 2024. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, the actual results may vary materially from those described in any forward-looking statement. Other unknown or unpredictable factors could also have material adverse effects on future results. Readers are cautioned not to place undue reliance on this forward-looking information, which is as of the date of this communication. Sunoco and NuStar do not intend to update these statements unless required by the securities laws to do so, and Sunoco and NuStar undertake no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this report or to reflect the occurrence of unanticipated events.

本通信包含聯邦證券法定義的 “前瞻性陳述”。這些前瞻性陳述通常包括有關Sunoco和NuStar之間潛在交易的陳述,包括有關完成潛在交易的預期時間表、完成潛在交易的能力、潛在交易的預期收益、預計的財務信息、未來機會的任何其他陳述,以及有關Sunoco和NuStar未來預期、信念、計劃、戰略、目標、估計、預測、假設、意圖的任何其他陳述,資源、經營業績、財務狀況和現金流量、未來事件或業績以及經濟活動和石油生產國行動對其各自業務的未來影響。這些前瞻性陳述通常可以用 “預期”、“相信”、“期望”、“打算”、“計劃”、“目標”、“預測”、“項目”、“相信”、“尋求”、“計劃”、“估計”、“立場”、“追求”、“可能”、“應該”、“將”、“預算”、“展望”、“展望”、“” 趨勢”、“指導”、“重點”、“按計劃進行”、“計劃中”、“目標”、“目標”、“戰略”、“機會”、“蓄勢待發”、“潛力” 和類似表述。儘管這些前瞻性陳述及其所依據的任何假設都是本着誠意做出的,反映了Sunoco和NuStar管理層目前對各自業務方向的判斷,但實際業績幾乎總是與本通報中提出的任何估計、預測、預測、假設或其他未來業績有所不同,有時甚至是重大差異。可能導致實際業績與前瞻性陳述中的預測存在重大差異的關鍵因素包括獲得必要的NuStar單位持有人批准的能力;完成潛在交易時機的不確定性;完成潛在交易的條件可能得不到滿足的風險;Sunoco或NuStar各自業務中斷的影響;潛在交易對雙方單位價格的影響;行業、市場的影響,經濟、政治或監管條件雙方無法控制的範圍;交易成本;Sunoco從擬議交易中獲得收益的能力;Sunoco迅速、高效、有效地將收購的業務納入其自身業務的能力;未知負債;以及將管理時間轉移到交易相關問題上。其他可能導致實際業績與前瞻性陳述存在重大差異的重要因素包括Sunoco於2024年2月16日向美國證券交易委員會提交的10-K表年度報告第1A項中描述的因素,以及隨後的10-Q表季度報告和8-K表最新報告,所有這些因素均可在Sunoco的網站上查閱,網址爲 https://www.sunocolp.com/investors/sec-filings 並在美國證券交易委員會的網站上 http://www.sec.gov;NuStar於2024年2月22日向美國證券交易委員會提交的10-K表年度報告第1A項及其隨後的10-Q表季度報告和8-K表最新報告中所述的風險,所有這些報告均可在NuStar的網站上查閱,網址爲 https://investor.nustarenergy.com/sec-filings 並在美國證券交易委員會的網站上 http://www.sec.gov;以及NuStar的交易最終代理聲明/招股說明書中描述的風險(https://www.sec.gov/Archives/edgar/data/1110805/000119312524086017/d464008ddefm14a.htm),於2024年4月3日向美國證券交易委員會提交。如果這些風險或不確定性中的一項或多項得以實現,或者基本假設被證明不正確,則實際結果可能與任何前瞻性陳述中描述的結果存在重大差異。其他未知或不可預測的因素也可能對未來的業績產生重大不利影響。提醒讀者不要過分依賴這些前瞻性信息,該信息截至本通報發佈之日。除非證券法要求,否則Sunoco和NuStar不打算更新這些聲明,並且Sunoco和NuStar沒有義務公開發布爲反映本報告發布之日之後的事件或情況或反映意外事件發生而可能對任何此類前瞻性陳述進行的任何修訂的結果。

Investors: Pam Schmidt
(210) 918-2854
pam.schmidt@nustarenergy.com

投資者:帕姆·施密特
(210) 918-2854
pam.schmidt@nustarenergy.com

Media: Chris Cho
(210) 918-3953
chris.cho@nustarenergy.com

媒體:Chris Cho
(210) 918-3953
chris.cho@nustarenergy.com

Source: NuStar Energy L.P.

資料來源:NuStar Energy L.P.

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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