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Andeavor Logistics to redeem 5 7/8%, 6 1/8% senior notes via offerings
By Tali Rackner
Minneapolis, Nov. 16 – Andeavor Logistics LP plans to redeem its 5 7/8% senior notes due 2020 and 6 1/8% senior notes due 2021 using the proceeds from three new note offerings, according to a 424B3 filing with the Securities and Exchange Commission.
Proceeds will also be used to repay borrowings under the dropdown credit facility and for general partnership purposes, including the repayment of amounts outstanding under the company’s revolving credit facility.
Andeavor is a San Antonio-based marketing, logistics and refining company.
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