Calumet Specialty Products Partners LP Completes Acquisition Of San Antonio, Texas Refinery Assets From NuStar Energy L.P. For Approximately $115 Million

Wednesday, 2 Jan 2013 04:05pm EST 

Calumet Specialty Products Partners LP announced that it completed the previously announced acquisition of the San Antonio, Texas refinery and associated crude oil pipeline, crude oil terminal, other operating and logistics assets and inventories (the San Antonio Assets) of NuStar Refining, LLC and NuStar Logistics, L.P., both wholly owned subsidiaries of NuStar Energy L.P. on January 2, 2013 for $100 million plus an amount for estimated closing date inventory, for aggregate consideration paid of approximately $115 million, subject to customary purchase price adjustments (the NuStar Acquisition). The NuStar Acquisition was funded primarily with borrowings under Calumet's senior secured revolving credit facility and cash on hand. 

Company Quote