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Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period

Sunoco LP and NuStar Energy L.P. Announce Expiration of Hart-Scott-Rodino Act Waiting Period

Sunoco LP 和 NuStar Energy L.P. 宣布哈特-斯科特-罗迪诺法案的等待期到期
NuStar Logistics LP ·  04/09 00:00

DALLAS--(BUSINESS WIRE)--Apr. 9, 2024-- Sunoco LP (NYSE: SUN) ("Sunoco" or "SUN") and NuStar Energy L.P. (NYSE: NS) ("NuStar" or "NS") today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (the "HSR Act"), in connection with Sunoco's pending acquisition of NuStar.

达拉斯--(美国商业资讯)--2024年4月9日--Sunoco LP(纽约证券交易所代码:SUN)(“Sunoco” 或 “SUN”)和NuStar Energy L.P.(纽约证券交易所代码:NS)(“NuStar” 或 “NS”)今天宣布,1976年《哈特-斯科特-罗迪诺反垄断改进法》(“HSR法”)与Sunoco相关的等待期到期正在等待收购 NuStar。

The expiration of the waiting period under the HSR Act satisfies an important condition necessary for the completion of the transaction.

《高铁法》规定的等待期的到期满足了完成交易所必需的重要条件。

A NuStar unitholder vote is scheduled for May 1, 2024 at 9:00 am Central Time. The details of the NuStar Special Meeting, including the terms of the proposed acquisition, have been outlined in the NuStar Definitive Proxy Statement, filed on April 3, 2024 with the Securities and Exchange Commission (the "SEC"). The transaction is expected to close shortly after unitholder approval.

NuStar单位持有人投票定于2024年5月1日中部时间上午9点举行。NuStar特别会议的细节,包括拟议收购的条款,已在2024年4月3日向美国证券交易委员会(“SEC”)提交的NuStar最终委托书中概述。该交易预计将在单位持有人批准后不久完成。

NuStar unitholders are anticipated to receive Sunoco's distributions for the first quarter of 2024 following the closing of the transaction.

交易完成后,预计NuStar单位持有人将在2024年第一季度收到Sunoco的分配。

Sunoco LP (NYSE: SUN) is a master limited partnership with core operations that include the distribution of motor fuel to approximately 10,000 convenience stores, independent dealers, commercial customers and distributors located in more than 40 U.S. states and territories as well as refined product transportation and terminalling assets in the U.S. and Europe. SUN's general partner is owned by Energy Transfer LP (NYSE: ET).

Sunoco LP(纽约证券交易所代码:SUN) 是一家主要的有限合伙企业,其核心业务包括向位于美国40多个州和地区的约10,000家便利店、独立经销商、商业客户和分销商分销汽车燃料,以及在美国和欧洲的精炼产品运输和码头资产。SUN的普通合伙人归Energy Transfer LP(纽约证券交易所代码:ET)所有。

About NuStar

关于 NuStar

NuStar Energy L.P. (NYSE: NS) is an independent liquids terminal and pipeline operator. NuStar currently has approximately 9,500 miles of pipeline and 63 terminal and storage facilities that store and distribute crude oil, refined products, renewable fuels, ammonia and specialty liquids. The partnership's combined system has approximately 49 million barrels of storage capacity, and NuStar has operations in the United States and Mexico. For more information, visit NuStar Energy L.P.'s website at www.nustarenergy.com and its Sustainability page at https://sustainability.nustarenergy.com/.

NuStar Energy L.P.(纽约证券交易所代码:NS)是一家独立的液体码头和管道运营商。NuStar目前拥有约9,500英里的管道和63个终端和储存设施,用于储存和分销原油、成品油、可再生燃料、氨和特种液体。该合作伙伴关系的合并系统拥有约4900万桶的存储容量,NuStar在美国和墨西哥开展业务。欲了解更多信息,请访问 NuStar Energy L.P. '的网站位于 www.nustarenergy.com 及其可持续发展页面位于 https://sustainability.nustarenergy.com/

Forward Looking Statements

前瞻性陈述

This current report on Form 8-K contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address future business and financial events, conditions, expectations, plans or ambitions, and often include, but are not limited to, words such as "believe," "expect," "may," "will," "should," "could," "would," "anticipate," "estimate," "intend," "plan," "seek," "see," "target" or similar expressions, or variations or negatives of these words, but not all forward-looking statements include such words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about the consummation of the proposed transaction and the anticipated benefits thereof. All such forward-looking statements are based upon current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions, many of which are beyond the control of Sunoco and NuStar, that could cause actual results to differ materially from those expressed in such forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the completion of the proposed transaction on anticipated terms and timing, or at all, NuStar unitholder approval; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, prospects, business and management strategies for the management, expansion and growth of the combined company's operations, including the possibility that any of the anticipated benefits of the proposed transaction will not be realized or will not be realized within the expected time period; the ability of Sunoco and NuStar to integrate the business successfully and to achieve anticipated synergies and value creation; potential litigation relating to the proposed transaction that could be instituted against Sunoco, NuStar or the directors of their respective general partners; the risk that disruptions from the proposed transaction will harm Sunoco's or NuStar's business, including current plans and operations and that management's time and attention will be diverted on transaction-related issues; potential adverse reactions or changes to business relationships, including with employees, suppliers, customers, competitors or credit rating agencies, resulting from the announcement or completion of the proposed transaction; rating agency actions and Sunoco and NuStar's ability to access short- and long-term debt markets on a timely and affordable basis; potential business uncertainty, including the outcome of commercial negotiations and changes to existing business relationships during the pendency of the proposed transaction that could affect Sunoco's and/or NuStar's financial performance and operating results; certain restrictions during the pendency of the merger that may impact NuStar's ability to pursue certain business opportunities or strategic transactions or otherwise operate its business; dilution caused by Sunoco's issuance of additional units representing limited partner interests in connection with the proposed transaction; fees, costs and expenses and the possibility that the transaction may be more expensive to complete than anticipated; those risks described in Item 1A of Sunoco's Annual Report on Form 10-K, filed with the SEC on February 16, 2024, and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K; those risks described in Item 1A of NuStar's Annual Report on Form 10-K, filed with the SEC on February 22, 2024, and its subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K; and those risks that will be more fully described in the registration statement on Form S-4, filed with the SEC and subsequently declared effective on April 3, 2024 (the "Registration Statement"). The disclosures set forth on the Registration Statement are incorporated by reference in this presentation. While the list of factors presented here is, and the list of factors to be presented in the registration statement and the proxy statement/prospectus are considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Readers are cautioned not to place undue reliance on this forward-looking information, which is as of the date of this current report on Form 8-K. Sunoco and NuStar do not intend to update these statements unless required by the securities laws to do so, and Sunoco and NuStar undertake no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date of this current report on Form 8-K.

本表8-K上的最新报告包含联邦证券法所指的 “前瞻性陈述”,包括经修订的1933年《证券法》(“证券法”)第27A条和经修订的1934年《证券交易法》第21E条。在这种情况下,前瞻性陈述通常涉及未来的商业和财务事件、状况、预期、计划或抱负,通常包括但不限于 “相信”、“期望”、“可能”、“将”、“应该”、“可能”、“将”、“预期”、“估计”、“打算”、“计划”、“寻求”、“看见”、“目标” 或类似表述,或这些词语的变体或否定词,但并非所有前瞻性陈述都包含此类词语。就其性质而言,前瞻性陈述涉及不同程度的不确定性问题,例如有关拟议交易完成及其预期收益的陈述。所有这些前瞻性陈述均基于当前的计划、估计、预期和抱负,这些计划、估计、预期和雄心壮志受风险、不确定性和假设的影响,其中许多是Sunoco和NuStar无法控制的,这可能会导致实际业绩与此类前瞻性陈述中表达的结果存在重大差异。可能导致这种差异的重要风险因素包括但不限于:按预期条款和时间完成拟议交易,或者完全由NuStar单位持有人批准;预期的税收待遇、不可预见的负债、未来资本支出、收入、支出、收益、协同效应、经济表现、债务、财务状况、亏损、前景、合并后公司业务的管理、扩张和增长的业务和管理战略,包括可能性任何预期的拟议交易的收益将无法实现或不会在预期的时间内实现;Sunoco和NuStar成功整合业务并实现预期协同效应和价值创造的能力;可能对Sunoco、NuStar或其各自普通合伙人的董事提起的与拟议交易有关的潜在诉讼;拟议交易中断将损害Sunoco或NuStar业务的风险,包括当前的计划和运营和管理层的时间注意力将转移到与交易相关的问题上;因拟议交易的宣布或完成而导致的潜在不良反应或业务关系的变化,包括与员工、供应商、客户、竞争对手或信用评级机构的业务关系;评级机构的行动以及Sunoco和NuStar在及时、负担得起的基础上进入短期和长期债务市场的能力;潜在的业务不确定性,包括商业谈判的结果和悬而未决期间现有业务关系的变化可能影响Sunoco和/或NuStar财务业绩和经营业绩的拟议交易;合并待定期间可能影响NuStar追求某些商机或战略交易或以其他方式经营其业务的能力的某些限制;Sunoco在拟议交易中增发代表有限合伙人权益的单位造成的稀释;费用、成本和支出以及交易完成成本可能比预期更高的可能性;那些Sunoco于2024年2月16日向美国证券交易委员会提交的10-K表年度报告第1A项及其随后的10-Q表季度报告和8-K表最新报告中所述的风险;NuStar于2024年2月22日向美国证券交易委员会提交的10-K表年度报告第1A项及其随后的10-Q表季度报告和8-K表最新报告中所述的风险;以及将来的风险向美国证券交易委员会提交并随后于2024年4月3日宣布生效的S-4表格注册声明中有详细描述(”注册声明”)。注册声明中列出的披露以引用方式纳入本演示文稿。尽管此处列出的因素清单是,注册声明和委托书/招股说明书中列出的因素清单被认为具有代表性,但不应将此类清单视为对所有潜在风险和不确定性的完整陈述。未列出的因素可能会给前瞻性陈述的实现带来额外的重大障碍。提醒读者不要过分依赖这些前瞻性信息,这些信息截至本8-K表报告发布之日。除非证券法要求,否则Sunoco和NuStar不打算更新这些声明,并且Sunoco和NuStar没有义务公开发布为反映本表格8-K报告发布之日之后的事件或情况而可能对任何此类前瞻性陈述进行的任何修订的结果。

Important Information about the Transaction and Where to Find It

有关交易的重要信息以及在哪里可以找到它

In connection with the proposed transaction between Sunoco and NuStar, Sunoco filed a Registration Statement on March 20, 2024, which includes a prospectus with respect to Sunoco's units to be issued in the proposed transaction and a proxy statement for NuStar's unitholders (the "Proxy Statement/Prospectus"), and each party may file other documents regarding the proposed transaction with the SEC. The Registration Statement was declared effective by the SEC on April 3, 2024. NuStar filed the Definitive Proxy Statement/Prospectus on Schedule DEFM14A with the SEC on April 3, 2024, and it was first mailed to NuStar unitholders on or about April 3, 2024. This current report on Form 8-K is not a substitute for the Registration Statement, Proxy Statement/Prospectus or any other document that Sunoco or NuStar (as applicable) may file with the SEC in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF SUNOCO AND NUSTAR ARE URGED TO READ THE REGISTRATION STATEMENT, THE PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. Investors and security holders may obtain free copies of the Registration Statement and the Proxy statement/Prospectus, as well as other filings containing important information about Sunoco or NuStar, without charge at the SEC's website, at http://www.sec.gov. Copies of the documents filed with the SEC by Sunoco will be available free of charge on Sunoco's website at www.sunocolp.com. Copies of the documents filed with the SEC by NuStar will be available free of charge on NuStar's website at www.nustarenergy.com. The information included on, or accessible through, Sunoco's or NuStar's website is not incorporated by reference into this current report on Form 8-K.

关于Sunoco和NuStar之间的拟议交易,Sunoco于2024年3月20日提交了一份注册声明,其中包括将在拟议交易中发布的Sunoco单位的招股说明书和NuStar单位持有人的委托声明(“委托书/招股说明书”),各方均可向美国证券交易委员会提交有关拟议交易的其他文件。美国证券交易委员会于2024年4月3日宣布注册声明生效。NuStar 于 2024 年 4 月 3 日按附表 DEFM14A 向美国证券交易委员会提交了最终代理声明/招股说明书,并于 2024 年 4 月 3 日左右首次邮寄给了 NuStar 单位持有人。这份关于8-K表格的当前报告不能替代Sunoco或NuStar(如适用)可能就拟议交易向美国证券交易委员会提交的注册声明、委托书/招股说明书或任何其他文件。在做出任何投票或投资决定之前,我们敦促SUNOCO和NUSTAR的投资者和证券持有人仔细完整地阅读注册声明、委托书/招股说明书和已向美国证券交易委员会提交或将要提交的任何其他相关文件,以及对这些文件的任何修正或补充,因为它们包含或将包含有关拟议交易和相关事项的重要信息。投资者和证券持有人可以在美国证券交易委员会的网站上免费获得注册声明和委托书/招股说明书以及其他包含有关Sunoco或NuStar重要信息的文件副本,网址为 http://www.sec.gov。Sunoco向美国证券交易委员会提交的文件的副本将在Sunoco的网站上免费提供,网址为 www.sunocolp.com。NuStar向美国证券交易委员会提交的文件的副本将在NuStar的网站上免费提供,网址为 www.nustarenergy.com。Sunoco或NuStar网站上包含或可通过Sunoco或NuStar网站访问的信息未以引用方式纳入当前的8-K表报告中。

Participants in the Solicitation

招标参与者

Sunoco, NuStar and the directors and certain executive officers of their respective general partners may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of NuStar's general partner is set forth in (i) its proxy statement for its 2024 annual meeting of unitholders (https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000010/ns-20240306.htm), which was filed with the SEC on March 6, 2024, including under the sections entitled "Information About Our Executive Officers", "Compensation Discussion and Analysis", "Summary Compensation Table", "Pay Ratio", "Grants of Plan-Based Awards During the Year Ended December 31, 2023", "Outstanding Equity Awards at December 31, 2023", "Option Exercises and Units Vested During the Year Ended December 31, 2023", "Pension Benefits for the Year Ended December 31, 2023", "Nonqualified Deferred Compensation for the Year Ended December 31, 2023", "Potential Payments Upon Termination or Change of Control", "Pay Versus Performance", "Director Compensation" and "Security Ownership", (ii) in its Annual Report on Form 10-K for the year ended December 31, 2023 (https://www.sec.gov/ix?doc=/Archives/edgar/data/1110805/000111080524000007/ns-20231231.htm), which was filed with the SEC on February 22, 2024, including under the sections entitled "Item. 10. Directors, Executive Officers and Corporate Governance," "Item 11. Executive Compensation," "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters" and "Item 13. Certain Relationships and Related Transactions and Director Independence" and (iii) subsequent statements of changes in beneficial ownership on file with the SEC. Information about the directors and executive officers of Sunoco's general partner is set forth in (i) its Annual Report on Form 10-K for the year ended December 31, 2023, (https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm) which was filed with the SEC on February 16, 2024, including under the sections entitled "Item. 10. Directors, Executive Officers and Corporate Governance," "Item 11. Executive Compensation," "Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Unitholder Matters" and "Item 13. Certain Relationships and Related Transactions, and Director Independence" and (ii) subsequent statements of changes in beneficial ownership on file with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the Proxy statement/Prospectus and other relevant materials filed with the SEC when they become available.

Sunoco、NuStar及其各自普通合伙人的董事和某些执行官可能被视为拟议交易的代理人招募的参与者。有关NuStar普通合伙人董事和执行官的信息载于(i)其2024年单位持有人年会的委托书(https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000010/ns-20240306.htm),该报告于2024年3月6日向美国证券交易委员会提交,包括题为 “我们的执行官信息”、“薪酬讨论与分析”、“薪酬汇总表”、“薪酬比率”、“截至2023年12月31日的年度中基于计划的奖励发放”、“截至2023年12月31日的未偿股权奖励”、“截至2023年12月31日的年度期权行使和归属单位”、“该年度的养老金福利” 的章节截至2023年12月31日”,“截至2023年12月31日止年度的不合格递延薪酬”,“可能的付款截至2023年12月31日止年度的10-K表年度报告中的终止或控制权变更”、“薪酬与绩效”、“董事薪酬” 和 “证券所有权”(ii)(https://www.sec.gov/ix?doc=/Archives/edgar/data/1110805/000111080524000007/ns-20231231.htm),该文件于2024年2月22日向美国证券交易委员会提交,包括根据标题为 “第10项” 的部分提交。董事、执行官和公司治理,” “第11项。高管薪酬”,“第12项。某些受益所有人的担保所有权及管理层和相关单位持有人事宜” 和 “第13项。某些关系和关联交易以及董事独立性” 以及(iii)随后向美国证券交易委员会存档的实益所有权变更声明。有关Sunoco普通合伙人董事和执行官的信息载于(i)其截至2023年12月31日止年度的10-K表年度报告,(https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm)该文件于2024年2月16日向美国证券交易委员会提交,包括根据标题为 “第10项” 的部分提交。董事、执行官和公司治理,” “第11项。高管薪酬”,“第12项。某些受益所有人的担保所有权及管理层和相关单位持有人事宜” 和 “第13项。某些关系和关联交易,以及董事独立性” 以及(ii)随后向美国证券交易委员会存档的受益所有权变更声明。委托书/招股说明书以及向美国证券交易委员会提交的委托书/招股说明书和其他相关材料出炉后,将包含有关代理招标参与者的其他信息以及对他们直接或间接利益的描述。

No Offer or Solicitation

不得提出要约或邀请

This current report on Form 8-K is for informational purposes only and is not intended to, and shall not, constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any offer, issuance, exchange, transfer, solicitation or sale of securities in any jurisdiction in which such offer, issuance, exchange, transfer, solicitation or sale would be in contravention of applicable law. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

本表8-K的当前报告仅供参考,其目的不是,也不构成任何证券的出售要约或征求任何投票或批准的邀请,也不得在任何司法管辖区提出任何要约、发行、交换、招揽或出售证券的要约、发行、交换、招标或出售违反适用法律的司法管辖区。除非通过符合《证券法》第10条要求的招股说明书,否则不得发行证券。

SUN Investors:
Scott Grischow
(214) 840-5660
scott.grischow@sunoco.com

SUN 投资者:
斯科特·格里肖
(214) 840-5660
scott.grischow@sunoco.com

SUN Media:
Vicki Granado
(214) 981-0761
vicki.granado@sunoco.com

太阳媒体:
维基格拉纳多
(214) 981-0761
vicki.granado@sunoco.com

NS Investors:
Pam Schmidt
(210) 918-2854
pam.schmidt@nustarenergy.com

NS 投资者:
帕姆·施密特
(210) 918-2854
pam.schmidt@nustarenergy.com

NS Media:
Chris Cho
(210) 918-3953
chris.cho@nustarenergy.com

NS 媒体:
Chris Cho
(210) 918-3953
chris.cho@nustarenergy.com

Source: NuStar Energy L.P.

资料来源:NuStar Energy L.P.

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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