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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. 宣佈哈特-斯科特-羅迪諾法案的等待期到期
NuStar Logistics LP ·  04/09 12:00

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.

達拉斯--(美國商業資訊)--2024年4月9日--Sunoco LP(紐約證券交易所代碼:SUN)(“Sunoco” 或 “SUN”)和NuStar Energy L.P.(紐約證券交易所代碼:NS)(“NuStar” 或 “NS”)今天宣佈,1976年《哈特-斯科特-羅迪諾反壟斷改進法》(“HSR法”)與Sunoco相關的等待期到期正在等待收購 NuStar。

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

《高鐵法》規定的等待期的到期滿足了完成交易所必需的重要條件。

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單位持有人投票定於2024年5月1日中部時間上午9點舉行。NuStar特別會議的細節,包括擬議收購的條款,已在2024年4月3日向美國證券交易委員會(“SEC”)提交的NuStar最終委託書中概述。該交易預計將在單位持有人批准後不久完成。

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

交易完成後,預計NuStar單位持有人將在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(紐約證券交易所代碼:SUN) 是一家主要的有限合夥企業,其核心業務包括向位於美國40多個州和地區的約10,000家便利店、獨立經銷商、商業客戶和分銷商分銷汽車燃料,以及在美國和歐洲的精煉產品運輸和碼頭資產。SUN的普通合夥人歸Energy Transfer LP(紐約證券交易所代碼:ET)所有。

About NuStar

關於 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.(紐約證券交易所代碼:NS)是一家獨立的液體碼頭和管道運營商。NuStar目前擁有約9,500英里的管道和63個終端和儲存設施,用於儲存和分銷原油、成品油、可再生燃料、氨和特種液體。該合作伙伴關係的合併系統擁有約4900萬桶的存儲容量,NuStar在美國和墨西哥開展業務。欲了解更多信息,請訪問 NuStar Energy L.P. '的網站位於 www.nustarenergy.com 及其可持續發展頁面位於 https://sustainability.nustarenergy.com/

Forward Looking Statements

前瞻性陳述

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上的最新報告包含聯邦證券法所指的 “前瞻性陳述”,包括經修訂的1933年《證券法》(“證券法”)第27A條和經修訂的1934年《證券交易法》第21E條。在這種情況下,前瞻性陳述通常涉及未來的商業和財務事件、狀況、預期、計劃或抱負,通常包括但不限於 “相信”、“期望”、“可能”、“將”、“應該”、“可能”、“將”、“預期”、“估計”、“打算”、“計劃”、“尋求”、“看見”、“目標” 或類似表述,或這些詞語的變體或否定詞,但並非所有前瞻性陳述都包含此類詞語。就其性質而言,前瞻性陳述涉及不同程度的不確定性問題,例如有關擬議交易完成及其預期收益的陳述。所有這些前瞻性陳述均基於當前的計劃、估計、預期和抱負,這些計劃、估計、預期和雄心壯志受風險、不確定性和假設的影響,其中許多是Sunoco和NuStar無法控制的,這可能會導致實際業績與此類前瞻性陳述中表達的結果存在重大差異。可能導致這種差異的重要風險因素包括但不限於:按預期條款和時間完成擬議交易,或者完全由NuStar單位持有人批准;預期的稅收待遇、不可預見的負債、未來資本支出、收入、支出、收益、協同效應、經濟表現、債務、財務狀況、虧損、前景、合併後公司業務的管理、擴張和增長的業務和管理戰略,包括可能性任何預期的擬議交易的收益將無法實現或不會在預期的時間內實現;Sunoco和NuStar成功整合業務並實現預期協同效應和價值創造的能力;可能對Sunoco、NuStar或其各自普通合夥人的董事提起的與擬議交易有關的潛在訴訟;擬議交易中斷將損害Sunoco或NuStar業務的風險,包括當前的計劃和運營和管理層的時間注意力將轉移到與交易相關的問題上;因擬議交易的宣佈或完成而導致的潛在不良反應或業務關係的變化,包括與員工、供應商、客戶、競爭對手或信用評級機構的業務關係;評級機構的行動以及Sunoco和NuStar在及時、負擔得起的基礎上進入短期和長期債務市場的能力;潛在的業務不確定性,包括商業談判的結果和懸而未決期間現有業務關係的變化可能影響Sunoco和/或NuStar財務業績和經營業績的擬議交易;合併待定期間可能影響NuStar追求某些商機或戰略交易或以其他方式經營其業務的能力的某些限制;Sunoco在擬議交易中增發代表有限合夥人權益的單位造成的稀釋;費用、成本和支出以及交易完成成本可能比預期更高的可能性;那些Sunoco於2024年2月16日向美國證券交易委員會提交的10-K表年度報告第1A項及其隨後的10-Q表季度報告和8-K表最新報告中所述的風險;NuStar於2024年2月22日向美國證券交易委員會提交的10-K表年度報告第1A項及其隨後的10-Q表季度報告和8-K表最新報告中所述的風險;以及將來的風險向美國證券交易委員會提交併隨後於2024年4月3日宣佈生效的S-4表格註冊聲明中有詳細描述(”註冊聲明”)。註冊聲明中列出的披露以引用方式納入本演示文稿。儘管此處列出的因素清單是,註冊聲明和委託書/招股說明書中列出的因素清單被認爲具有代表性,但不應將此類清單視爲對所有潛在風險和不確定性的完整陳述。未列出的因素可能會給前瞻性陳述的實現帶來額外的重大障礙。提醒讀者不要過分依賴這些前瞻性信息,這些信息截至本8-K表報告發布之日。除非證券法要求,否則Sunoco和NuStar不打算更新這些聲明,並且Sunoco和NuStar沒有義務公開發布爲反映本表格8-K報告發布之日之後的事件或情況而可能對任何此類前瞻性陳述進行的任何修訂的結果。

Important Information about the Transaction and Where to Find It

有關交易的重要信息以及在哪裏可以找到它

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.

關於Sunoco和NuStar之間的擬議交易,Sunoco於2024年3月20日提交了一份註冊聲明,其中包括將在擬議交易中發佈的Sunoco單位的招股說明書和NuStar單位持有人的委託聲明(“委託書/招股說明書”),各方均可向美國證券交易委員會提交有關擬議交易的其他文件。美國證券交易委員會於2024年4月3日宣佈註冊聲明生效。NuStar 於 2024 年 4 月 3 日按附表 DEFM14A 向美國證券交易委員會提交了最終代理聲明/招股說明書,並於 2024 年 4 月 3 日左右首次郵寄給了 NuStar 單位持有人。這份關於8-K表格的當前報告不能替代Sunoco或NuStar(如適用)可能就擬議交易向美國證券交易委員會提交的註冊聲明、委託書/招股說明書或任何其他文件。在做出任何投票或投資決定之前,我們敦促SUNOCO和NUSTAR的投資者和證券持有人仔細完整地閱讀註冊聲明、委託書/招股說明書和已向美國證券交易委員會提交或將要提交的任何其他相關文件,以及對這些文件的任何修正或補充,因爲它們包含或將包含有關擬議交易和相關事項的重要信息。投資者和證券持有人可以在美國證券交易委員會的網站上免費獲得註冊聲明和委託書/招股說明書以及其他包含有關Sunoco或NuStar重要信息的文件副本,網址爲 http://www.sec.gov。Sunoco向美國證券交易委員會提交的文件的副本將在Sunoco的網站上免費提供,網址爲 www.sunocolp.com。NuStar向美國證券交易委員會提交的文件的副本將在NuStar的網站上免費提供,網址爲 www.nustarenergy.com。Sunoco或NuStar網站上包含或可通過Sunoco或NuStar網站訪問的信息未以引用方式納入當前的8-K表報告中。

Participants in the Solicitation

招標參與者

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及其各自普通合夥人的董事和某些執行官可能被視爲擬議交易的代理人招募的參與者。有關NuStar普通合夥人董事和執行官的信息載於(i)其2024年單位持有人年會的委託書(https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1110805/000111080524000010/ns-20240306.htm),該報告於2024年3月6日向美國證券交易委員會提交,包括題爲 “我們的執行官信息”、“薪酬討論與分析”、“薪酬彙總表”、“薪酬比率”、“截至2023年12月31日的年度中基於計劃的獎勵發放”、“截至2023年12月31日的未償股權獎勵”、“截至2023年12月31日的年度期權行使和歸屬單位”、“該年度的養老金福利” 的章節截至2023年12月31日”,“截至2023年12月31日止年度的不合格遞延薪酬”,“可能的付款截至2023年12月31日止年度的10-K表年度報告中的終止或控制權變更”、“薪酬與績效”、“董事薪酬” 和 “證券所有權”(ii)(https://www.sec.gov/ix?doc=/Archives/edgar/data/1110805/000111080524000007/ns-20231231.htm),該文件於2024年2月22日向美國證券交易委員會提交,包括根據標題爲 “第10項” 的部分提交。董事、執行官和公司治理,” “第11項。高管薪酬”,“第12項。某些受益所有人的擔保所有權及管理層和相關單位持有人事宜” 和 “第13項。某些關係和關聯交易以及董事獨立性” 以及(iii)隨後向美國證券交易委員會存檔的實益所有權變更聲明。有關Sunoco普通合夥人董事和執行官的信息載於(i)其截至2023年12月31日止年度的10-K表年度報告,(https://www.sec.gov/ix?doc=/Archives/edgar/data/1552275/000155227524000013/sun-20231231.htm)該文件於2024年2月16日向美國證券交易委員會提交,包括根據標題爲 “第10項” 的部分提交。董事、執行官和公司治理,” “第11項。高管薪酬”,“第12項。某些受益所有人的擔保所有權及管理層和相關單位持有人事宜” 和 “第13項。某些關係和關聯交易,以及董事獨立性” 以及(ii)隨後向美國證券交易委員會存檔的受益所有權變更聲明。委託書/招股說明書以及向美國證券交易委員會提交的委託書/招股說明書和其他相關材料出爐後,將包含有關代理招標參與者的其他信息以及對他們直接或間接利益的描述。

No Offer or Solicitation

不得提出要約或邀請

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的當前報告僅供參考,其目的不是,也不構成任何證券的出售要約或徵求任何投票或批准的邀請,也不得在任何司法管轄區提出任何要約、發行、交換、招攬或出售證券的要約、發行、交換、招標或出售違反適用法律的司法管轄區。除非通過符合《證券法》第10條要求的招股說明書,否則不得發行證券。

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

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

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

太陽媒體:
維基格拉納多
(214) 981-0761
vicki.granado@sunoco.com

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

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

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

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

Source: NuStar Energy L.P.

資料來源:NuStar Energy L.P.

譯文內容由第三人軟體翻譯。


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