Jackson Walker Reps NuStar In $115M Texas Refinery Sale

Law360, New York (January 4, 2013, 4:46 PM EST) -- Texas master limited partnership NuStar Energy LP has sold its San Antonio refinery and related terminal and pipeline assets to Indiana-based refiner Calumet Specialty Products Partners LP in a deal valued at $115 million, both companies said Wednesday.

NuStar, which acquired the San Antonio refinery and a nearby oil storage terminal out of bankruptcy in April 2011, received $100 million from Calumet, along with considerations for $15 million in closing date inventory. The San Antonio-based MLP sold the assets as part of a long-term reduction in...
To view the full article, register now.