Tesoro to buy back outstanding 9 5/8% notes due 2008, 2012, 8% notes due 2008

By E. Janene Geiss

Philadelphia, Nov. 3 - Tesoro Corp. announced Thursday its intention to repurchase its outstanding 9 5/8% senior subordinated notes due 2008, 9 5/8% senior subordinated notes due 2012 and 8% senior secured notes due 2008.

The buybacks will be funded by the proposed $900 million sale of senior notes due 2012 and 2015 and cash on hand, according to a news release from the San Antonio oil refiner.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.