NuStar Logistics LP

Wholly owned operating subsidiary of NuStar Energy LP priced 5.625% senior notes due April 28, 2027 that will be fully and unconditionally guaranteed by NuStar Energy as parent guarantor and NuStar Pipeline Operating Partnership LP as affiliate guarantor. Net proceeds will fund a portion of the purchase price for NuStar Energy’s acquisition of Navigator Energy Services LLC and to pay related fees and expenses. Meantime, they will repay revolving credit facility borrowings and other debts. Mizuho Securities USA LLC, Barclays Capital Inc., J.P. Morgan Securities LLC, MUFG Securities Americas Inc., PNC Capital Markets LLC, SunTrust Robinson Humphrey Inc. and U.S. Bancorp Investments Inc. are book-running managers. BBVA Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Comerica Securities Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. are co-managers.