Tesoro Logistics plans revolver draw to fund pipeline assets purchase

By Susanna Moon

Chicago, June 23 – Tesoro Logistics LP plans to draw from its revolving credit facility to fund the acquisition of terminalling and pipeline assets.

The company will acquire three marketing terminals, a storage facility and a refined products pipeline owned by Tesoro Corp. for $270 million, according to a press release.

Tesoro Logistics, based in San Antonio, Texas, 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.

© 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.