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SEC Filings
S-3ASR
NUSTAR ENERGY L.P. filed this Form S-3ASR on 07/02/2019
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DESCRIPTION OF NUSTAR ENERGY PREFERRED UNITS

NuStar Energy’s partnership agreement authorizes NuStar Energy, subject to any approvals required by the holders of Preferred Units (as defined below), to issue an unlimited number of additional partnership securities for the consideration and on the terms and conditions established by NuStar Energy’s general partner in its sole discretion without the approval of any limited partners. In accordance with the Delaware Revised Uniform Limited Partnership Act (the “Delaware law”) and the provisions of NuStar Energy’s partnership agreement, NuStar Energy may issue additional partnership securities that have special voting rights to which common units are not entitled. As of March 31, 2019, NuStar Energy had 9,060,000 8.50% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Series A Preferred Units”), 15,400,000 7.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Series B Preferred Units”), 6,900,000 9.00% Series C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (“Series C Preferred Units”) and 23,246,650 Series D Cumulative Convertible Preferred Units (the “Series D Preferred Units” and, together with the Series A Preferred Units, Series B Preferred Units and Series C Preferred Units, the “Preferred Units”).

Should NuStar Energy offer preferred units under this prospectus, a prospectus supplement relating to the particular series of preferred units offered will include the specific terms of those preferred units, including, among other things, the following:

the designation, stated value and liquidation preference of the preferred units and the number of preferred units offered;
the initial public offering price at which the preferred units will be issued;
any conversion or exchange provisions of the preferred units;
any redemption or sinking fund provisions of the preferred units;
the distribution rights of the preferred units, if any;
a discussion of any additional material federal income tax considerations regarding the preferred units; and
any additional rights, preferences, privileges, limitations and restrictions of the preferred units.

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