San Antonio’s NuStar Energy selling Canadian storage terminal for $60 million
Courtesy of NuStar Energy LP / NuStar Energy LP
“By continuing to focus on optimizing our spending across our business, we are building a solid foundation that, along with these divestiture proceeds, will position NuStar for future opportunities and allow us to continue to pay down debt and improve our leverage,” Brad Barron, NuStar president and CEO, said in a statement.
The transaction, which was announced Monday, is expected to close by July. The terminal is apparently the only asset EverWind will own.San Antonio-based NuStar sells 8 storage terminals to Sunoco in $250 million deal As of Dec. 31, the company had total debt of $3.17 billion, a decline from $3.6 billion a year earlier.
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