Tesoro Logistics (TLLP) Commences 3.7M Unit Offering
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Tesoro Logistics LP (the "Partnership") (TLLP) announced the commencement of a registered underwritten public offering of 3,700,000 common units representing limited partner interests in the Partnership.
In connection with the offering, the Partnership will grant the underwriters a 30-day option to purchase up to 555,000 additional common units. The Partnership expects to use net proceeds from the offering, including any net proceeds received from an exercise of the underwriters` option to purchase additional common units, for general partnership purposes.
Citigroup, Wells Fargo Securities, Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering.
In connection with the offering, the Partnership will grant the underwriters a 30-day option to purchase up to 555,000 additional common units. The Partnership expects to use net proceeds from the offering, including any net proceeds received from an exercise of the underwriters` option to purchase additional common units, for general partnership purposes.
Citigroup, Wells Fargo Securities, Barclays and BofA Merrill Lynch are acting as joint book-running managers for the offering.
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