Exhibit 10.01
Execution Version

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EIGHTH AMENDMENT
TO
AMENDED AND RESTATED
5-YEAR REVOLVING CREDIT AGREEMENT
dated as of
April 6, 2020
among

NUSTAR LOGISTICS, L.P.,
NUSTAR ENERGY L.P.,
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent,
and
The Lenders Party Hereto

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EIGHTH AMENDMENT TO AMENDED AND RESTATED
5-YEAR REVOLVING CREDIT AGREEMENT

THIS EIGHTH AMENDMENT TO AMENDED AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT
(this “Eighth Amendment”) dated as of April 6, 2020 is among NUSTAR LOGISTICS,
L.P., a Delaware limited partnership (the “Borrower”); NUSTAR ENERGY L.P., a
Delaware limited partnership (the “MLP”); NUSTAR PIPELINE OPERATING PARTNERSHIP
L.P., a Delaware limited partnership (the “Subsidiary Guarantor” and, together
with the Borrower and the MLP, the “Obligors”); JPMORGAN CHASE BANK, N.A., as
administrative agent (in such capacity, together with its successors in such
capacity, the “Administrative Agent”) for the lenders party to the Credit
Agreement referred to below (collectively, the “Lenders”); and the undersigned
Lenders.
R E C I T A L S
A.    The Borrower, the MLP, the Administrative Agent and the Lenders are
parties to that certain Amended and Restated 5-Year Revolving Credit Agreement
dated as of October 29, 2014 (as amended, modified or supplemented prior to the
date hereof, the “Credit Agreement”), pursuant to which the Lenders have made
certain extensions of credit available to the Borrower.
B.    The Subsidiary Guarantor is a party to that certain Amended and Restated
Subsidiary Guaranty Agreement dated as of October 29, 2014 made by each of the
Guarantors (as defined therein) in favor of the Administrative Agent (the
“Subsidiary Guaranty”).
C.    The Borrower has requested and the Lenders have agreed to amend certain
provisions of the Credit Agreement.
D.    NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:
Section 1.    Defined Terms. Each capitalized term used herein but not otherwise
defined herein has the meaning given such term in the Credit Agreement. Unless
otherwise indicated, all references to Sections in this Eighth Amendment refer
to Sections of the Credit Agreement.

Section 2.    Amendments to Credit Agreement.

2.1    Amendment to to Section 6.02(g). Section 6.02(g) is hereby amended and
restated in its entirety to read as follows:

(g)    Liens on cash, cash equivalents and/or Go-Zone Bonds owned by the
Borrower in favor of issuers of letters of credit to secure the Borrower’s
reimbursement obligations thereunder, which letters of credit secure obligations
to make payments on the Go-Zone Bonds; provided that the aggregate amount
available to be drawn under all such letters of credit does not exceed an amount
equal to the difference of (i) $400,000,000 minus (ii) the aggregate stated
principal amount of all Go-Zone Bonds that have been repurchased, redeemed,
prepaid, repaid, defeased, retired or otherwise acquired (and for the avoidance
of doubt, in the case of Go-Zone Bonds that have been acquired by the Borrower,
solely to the extent such Go-Zone Bonds have not been remarketed or otherwise
sold at such time); and

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2.2    Amendment to Section 6.04. Section 6.04 is hereby amended by (i) deleting
the word “and” at the end of clause (h); (ii) replacing the period at the end of
clause (i) with “; and”; and (iii) adding a new clause (j) to read as follows:

(j)    the acquisition by the Borrower of any Go-Zone Bonds that are acquired by
the Borrower after such Go-Zone Bonds have failed to be remarketed or sold
pursuant to the terms of the applicable Go-Zone Bond Indenture; provided that
(i) the aggregate stated principal amount of all such Go-Zone Bonds owned by the
Borrower pursuant this clause (j) shall not exceed $400,000,000 at any time and
(ii) if any Go-Zone Bonds acquired by the Borrower and its Subsidiaries pursuant
to this clause (j) are subsequently remarketed or sold, the Borrower shall,
within three Business Days after the date on which the Borrower receives cash
proceeds from such remarketing or sale, prepay the Loans in an aggregate
principal amount not less than 100% of the amount of such cash proceeds
received.
Section 3.    Conditions Precedent. This Eighth Amendment shall not become
effective until the date on which each of the following conditions is satisfied
(or waived in accordance with Section 10.02) (the “Eighth Amendment Effective
Date”):

3.1    The Administrative Agent shall have received from the Required Lenders,
the Borrower, the MLP and the Subsidiary Guarantor, counterparts (in such number
as may be requested by the Administrative Agent) of this Eighth Amendment signed
on behalf of such Persons.

3.2    The Administrative Agent and the Lenders shall have received all fees and
other amounts due and payable, if any, in connection with this Eighth Amendment
on or prior to the Eighth Amendment Effective Date, including, to the extent
invoiced, reimbursement or payment of all out-of-pocket expenses required to be
reimbursed or paid by the Borrower pursuant to the Credit Agreement.

3.3    The Administrative Agent shall have received such other documents as the
Administrative Agent or special counsel to the Administrative Agent may
reasonably request.

The Administrative Agent is hereby authorized and directed to declare this
Eighth Amendment to be effective (and the Eighth Amendment Effective Date shall
occur) when it has received documents confirming or certifying, to the
satisfaction of the Administrative Agent, compliance with the conditions set
forth in this Section 3 or the waiver of such conditions as permitted in Section
10.02, which must occur prior to 1:00 p.m., New York City time, on April 7, 2020
(and, in the event such conditions are not so satisfied or waived prior to such
time, the Administrative Agent shall no longer be authorized to declare this
Eighth Amendment to be effective (and the Eighth Amendment Effective Date shall
not occur)). Such declaration shall be final, conclusive and binding upon all
parties to the Credit Agreement for all purposes.
Section 4.    Miscellaneous.

4.1    Confirmation. The provisions of the Credit Agreement, as amended by this
Eighth Amendment, shall remain in full force and effect following the
effectiveness of this Eighth Amendment.

4.2    Ratification and Affirmation; Representations and Warranties. Each
Obligor hereby: (a) acknowledges the terms of this Eighth Amendment; (b)
ratifies and affirms its obligations under, and acknowledges, renews and extends
its continued liability under, each Loan Document to which it is a party and
agrees that each Loan Document to which it is a party remains in full force and
effect, except as expressly amended hereby, after giving effect to the
amendments contained herein; (c) agrees that from and after the Eighth Amendment
Effective Date each reference to the Credit Agreement in the Subsidiary Guaranty
and the other Loan Documents shall be deemed to be a reference to the Credit
Agreement, as amended by this Eighth Amendment; and (d) represents and warrants
to the Lenders that as of the date hereof, after giving effect to the terms of
this Eighth Amendment: (i) all of the representations and warranties contained
in each Loan Document to which it is a party are true and correct, unless such
representations and warranties

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are stated to relate to a specific earlier date, in which case, such
representations and warranties shall continue to be true and correct as of such
earlier date and (ii) no Default has occurred and is continuing.

4.3    Loan Document. This Eighth Amendment is a “Loan Document” as defined and
described in the Credit Agreement and all of the terms and provisions of the
Credit Agreement relating to Loan Documents shall apply hereto.

4.4    Counterparts. This Eighth Amendment may be executed by one or more of the
parties hereto in any number of separate counterparts, and all of such
counterparts taken together shall be deemed to constitute one and the same
instrument. Delivery of this Eighth Amendment by facsimile or email transmission
shall be effective as delivery of a manually executed counterpart hereof.

4.5    NO ORAL AGREEMENT. THIS EIGHTH AMENDMENT, THE CREDIT AGREEMENT AND THE
OTHER LOAN DOCUMENTS EXECUTED IN CONNECTION HEREWITH AND THEREWITH REPRESENT THE
FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF
PRIOR, CONTEMPORANEOUS, OR UNWRITTEN ORAL AGREEMENTS OF THE PARTIES. THERE ARE
NO ORAL AGREEMENTS BETWEEN THE PARTIES.

4.6    GOVERNING LAW. THIS EIGHTH AMENDMENT (INCLUDING, BUT NOT LIMITED TO, THE
VALIDITY AND ENFORCEABILITY HEREOF) SHALL BE GOVERNED BY, AND CONSTRUED IN
ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK.

[SIGNATURES BEGIN ON NEXT PAGE]

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IN WITNESS WHEREOF, the parties hereto have caused this Eighth Amendment to be
duly executed as of the date first written above.

NUSTAR LOGISTICS, L.P.
By:
NuStar GP, Inc., its General Partner
 
 
 
 
By:
/s/ Thomas R. Shoaf
 
Name:
Thomas R. Shoaf
 
Title:
Executive Vice President and Chief Financial Officer

NUSTAR ENERGY L.P.
By:
Riverwalk Logistics, L.P. its General Partner
By:
NuStar GP, LLC, its General Partner
 
 
 
 
By:
/s/ Thomas R. Shoaf
 
Name:
Thomas R. Shoaf
 
Title:
Executive Vice President and Chief Financial Officer

NUSTAR PIPELINE OPERATING PARTNERSHIP L.P.
By:
NuStar Pipeline Company, LLC, its General Partner
 
 
 
 
By:
/s/ Thomas R. Shoaf
 
Name:
Thomas R. Shoaf
 
Title:
Executive Vice President and Chief Financial Officer

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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JPMORGAN CHASE BANK, N.A., as a Lender and as Administrative Agent
 
 
 
By:
/s/ Arina Mavilian
Name:
Arina Mavilian
Title:
Authorized Signatory

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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MIZUHO BANK, LTD., as a Lender
 
 
 
By:
/s/ Edward Sacks
Name:
Ed Sacks
Title:
Authorized Signatory

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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PNC BANK, NATIONAL ASSOCIATION, as a Lender
 
 
 
By:
/s/ Kyle T. Helfrich
Name:
Kyle T. Helfrich
Title:
Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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TRUIST BANK, successor by merger to SUNTRUST BANK, as a Lender
 
 
 
By:
/s/ Paige Scheper
Name:
Paige Scheper
Title:
Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender
 
 
 
By:
/s/ Borden Tennant
Name:
Borden Tennant
Title:
Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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BANK OF AMERICA, N.A., as a Lender
 
 
 
By:
/s/ Victor F. Cruz
Name:
Victor F. Cruz
Title:
Director

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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MUFG BANK, LTD., FORMERLY KNOWN AS THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as a
Lender
 
 
 
By:
/s/ Kevin Sparks
Name:
Kevin Sparks
Title:
Director

 

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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BARCLAYS BANK PLC, as a Lender
 
 
 
By:
/s/ Jake Lam
Name:
Jake Lam
Title:
Assistant Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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BBVA USA, as a Lender
 
 
 
By:
/s/ Mark H. Wolf
Name:
Mark H. Wolf
Title:
Senior Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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BMO HARRIS BANK N.A., as a Lender
 
 
 
By:
/s/ Kevin Utsey
Name:
Kevin Utsey
Title:
Managing Director

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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ROYAL BANK OF CANADA, as a Lender
 
 
 
By:
/s/ Michael Sharp
Name:
Michael Sharp
Title:
Authorized Signatory

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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SUMITOMO MITSUI BANKING CORPORATION, as a Lender
 
 
 
By:
/s/ Michael Maguire
Name:
Michael Maguire
Title:
Managing Director

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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U.S. BANK NATIONAL ASSOCIATION, as a Lender
 
 
 
By:
/s/ Ryan Hutchins
Name:
Ryan Hutchins
Title:
Senior Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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THE BANK OF NOVA SCOTIA — HOUSTON BRANCH, as a Lender
 
 
 
By:
/s/ Joe Lattanzi
Name:
Joe Lattanzi
Title:
Managing Director

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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CITIBANK, N.A., as a Lender
 
 
 
By:
/s/ Michael Zeller
Name:
Michael Zeller
Title:
Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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COMERICA BANK, as a Lender
 
 
 
By:
/s/ L. J. Perenyi
Name:
L. J. Perenyi
Title:
Vice President

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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FROST BANK, as a Lender
 
 
 
By:
 
Name:
 
Title:
 

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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FIRST COMMERCIAL BANK NEW YORK BRANCH, as a Lender
 
 
 
By:
 
Name:
 
Title:
 

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT

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THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as a Lender
 
 
 
By:
/s/ Peter Kuo
Name:
Peter Kuo
Title:
Authorized Signatory

SIGNATURE PAGE TO EIGHTH AMENDMENT TO AMENDED
AND RESTATED 5-YEAR REVOLVING CREDIT AGREEMENT