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Tesoro Logistics adds QEP as guarantor under 5½% notes, 6¼% notes
By Marisa Wong
Madison, Wis., Dec. 9 – Tesoro Logistics LP, an affiliate of Tesoro Corp., entered into a supplemental indenture on Dec. 2 to the indenture dated Oct. 29 governing its $500 million of 5½% senior notes due 2019 and $800 million of 6¼% senior notes due 2022, according to an 8-K filing with the Securities and Exchange Commission.
The supplemental indenture was completed concurrently with Tesoro Logistics closing its acquisition of QEP Field Services, LLC, which holds an about 55.8% limited partner interest in QEP Midstream Partners, LP.
Under the supplemental indenture, QEP Field Services, QEP Midstream Partners GP, LLC, QEP Midstream and it subsidiaries became guarantors of Tesoro Logistic’s notes.
U.S. Bank NA is the trustee.
Tesoro is a San Antonio-based owner, operator, developer and acquirer of crude oil and refined products logistics assets. QEP is an energy company based in Denver.
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