NuStar Energy L.P. Closes on Sale of Its Texas City Terminals to BWC Terminals for $106 Million
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE:NS) announced today that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale on November 2, 2020. “While it was a difficult decision, this divestiture allows us to deploy the proceeds to further improve our debt metrics and self-fund a larger proportion of our capital program,” said Brad Barron, president and CEO of NuStar. “And while the Texas City term
NuStar Energy L.P. Closes on Sale of Its Texas City Terminals to BWC Terminals for $106 Million
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE:NS) announced today that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale on November 2, 2020. “While it was a difficult decision, this divestiture allows us to deploy the proceeds to further improve our debt metrics and self-fund a larger proportion of our capital program,” said Brad Barron, president and CEO of NuStar. “And while the Texas City term