Simpson Thacher Represents Tesoro Logistics in $250 Million Senior Notes Offering
12.17.13
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Simpson Thacher represented Tesoro Logistics LP (“TLLP”) and Tesoro Logistics Finance Corp., as co-issuers, in connection with a Rule 144A/Regulation S offering of $250 million aggregate principal amount of their 5.875% Senior Notes due 2020. The notes were issued as additional 5.875% Senior Notes due 2020 under the indenture dated as of September 14, 2012. TLLP used the proceeds from the offering to repay indebtedness outstanding under its revolving credit facility and for general partnership purposes.
TLLP is a fee-based, growth-oriented Delaware limited partnership formed by Tesoro Corporation to own, operate, develop and acquire logistics assets.
The Simpson Thacher team for the transaction included, Kenneth Wallach, Jonathan Ozner, and Jim Russell (Capital Markets), Jonathan Cantor and Vanessa Grieve (Tax), Adeeb Fadil (Environmental) and Jeanne Annarumma and Brittany McCants (Executive Compensation and Employee Benefits).