Tesoro Logistics LP : Tesoro Logistics LP Announces Pricing of $550 Million of 6.125% Senior Notes SAN ANTONIO - July 29, 2013 - Tesoro Logistics LP (the "Partnership") (NYSE:TLLP) today announced that it has finalized the terms of its previously announced senior notes offering. The Partnership will issue $550 million aggregate principal amount of 6.125% Senior Notes due 2021. The notes will be unsecured. The Partnership anticipates that consummation of the offering will occur on August 1, 2013 and intends to use the proceeds from the offering (i) to repay the amounts outstanding under its revolving credit facility, which amounts were used to fund a portion of the Partnership's acquisition of six marketing and storage terminals located in Southern California and certain assets and properties related thereto from Tesoro Refining & Marketing Company LLC, a subsidiary of Tesoro Corporation and (ii) to pay a portion of the fees and expenses related to the offering. The notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The notes will be offered, by the initial purchasers, only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. This press release is being issued pursuant to Rule 135c under the Securities Act, and is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. About Tesoro Logistics LP Tesoro Logistics LP, headquartered in San Antonio, Texas, is a fee-based, growth-oriented Delaware limited partnership formed by Tesoro Corporation to own, operate, develop and acquire crude oil and refined products logistics assets. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify forward-looking statements by the use of words such as "may," "should," "could," "estimates," "predicts," "potential," "continue," "anticipates," "believes," "plans," "expects," "future" and "intends" and similar expressions which are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond the Partnership's control and difficult to predict. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the "Risk Factors" section or other sections in the Partnership's Annual Report on Form 10-K filed on February 28, 2013 and Quarterly Report on Form 10-Q filed on May 5, 2013. All forward-looking statements attributable to the Partnership or persons acting on the Partnership's behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect the Partnership's view only as of the date of this press release. The Partnership undertakes no obligation, other than as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact: Investors: Chris Castro, Investor Relations Manager, (210) 626-7202 Media: Tesoro Media Relations, email@example.com, (210) 626-7702 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Tesoro Logistics LP via Thomson Reuters ONE HUG#1719641
Tesoro Logistics LP : Tesoro Logistics LP Announces Pricing of $550 Million of 6.125% Senior Notes
Press spacebar to pause and continue. Press esc to stop.