NuStar plans to refinance $1.2 billion revolver, $100 million bond

By Ashley Montgomery

Kansas City, Kan., Feb. 7 - NuStar GP Holdings, LLC announced in a presentation on its 2012 financing plan to investors on Tuesday that it intends to refinance its $1.2 billion revolving credit facility due December 2012 by the end of the second quarter of this year.

According to slides furnished to the Securities and Exchange Commission, the company may increase the size of the revolver to $1.5 billion at that time.

The company also plans to use revolver borrowings to refinance its $100 million bond due in July, the 8-K filing said.

NuStar GP holds interests in NuStar Energy LP, a crude oil and refined products company.

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