NuStar common unit offering priced at 4.5 pct discount
NuStar Energy LP, 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.
(Reporting by Arup Roychoudhury in Bangalore; Editing by Jarshad Kakkrakandy)
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