Phillips 66 Partners pricing senior notes due 2020, 2025, 2045

By Aleesia Forni

Virginia Beach, Feb. 18 – Phillips 66 Partners LP is planning to sell senior notes in three parts, according to a 424B2 filed with the Securities and Exchange Commission.

The notes will be sold in tranches due 2020, 2025 and 2045.

RBS Securities Inc., Barclays, Goldman Sachs & Co. and RBC Capital Markets LLC are the bookrunners.

The company intends to use net proceeds from this offering to fund a pipeline acquisition transaction and for general partnership purposes, including repayment of certain sponsor loans and other outstanding debt and to fund capital expenditures.

The Houston-based master limited partnership owns, operates, develops and acquires crude oil and refined petroleum product.

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