Tesoro Logistics calls $130.27 million 5 7/8% notes due Oct. 1, 2020

By Tali Rackner

Norfolk, Va., Aug. 20 – Tesoro Logistics LP and Tesoro Logistics Finance Corp. called $130,273,000 of their 5 7/8% senior notes due Oct. 1, 2020, according to a notice.

The bonds will be redeemed at 105.875 on Sept. 18.

The redemption is conditioned on the receipt of at least $141,476,931 of proceeds from one or more equity offerings.

Tesoro Logistics, based in San Antonio, is a fee-based, growth-oriented Delaware limited partnership formed by Tesoro Corp. to own, operate, develop and acquire crude oil and refined products logistics assets.

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