- News Releases
- Events & Presentations
- Investor Resources & Tax
|View printer-friendly version|
|Tesoro Logistics LP Announces Public Offering of 5,000,000 Common Units|
SAN ANTONIO - February 21, 2017 - Tesoro Logistics LP (NYSE: TLLP) today announced the commencement of an underwritten public offering of 5,000,000 common units representing limited partner interests in the Partnership.
The Partnership expects to use the net proceeds from the offering to repay borrowings outstanding under its revolving credit facility and for general partnership purposes.
Citigroup and Deutsche Bank Securities Inc. are acting as joint book-running managers for the offering. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained, when available, by sending a request to:
Citigroup Global Markets Inc.
Deutsche Bank Securities Inc.
You may also obtain these documents for free when they are available from the Securities and Exchange Commission ("SEC") at www.sec.gov.
This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any of the securities described herein, nor shall there be any sale of these securities, in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The offering will be made only by means of a prospectus and related prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering is made pursuant to an effective shelf registration statement and prospectus filed by the Partnership with the SEC.
About Tesoro Logistics LP
This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including without limitation statements regarding the planned offering of common units and the expected use of proceeds. These statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond TLLP's control and difficult to predict. In evaluating forward-looking statements, you should carefully consider the risks and uncertainties described in the "Risk Factors" section or other sections in TLLP's Annual Report on Form 10-K for the year ended December 31, 2016 and the prospectus supplement and accompanying base prospectus in connection with the offering, in each case as filed with the Securities and Exchange Commission. All forward-looking statements attributable to TLLP or persons acting on TLLP's behalf are expressly qualified in their entirety by these cautionary statements and risk factors. Forward-looking statements contained in this press release reflect the TLLP's view only as of the date of this press release. TLLP undertakes no obligation, other than as required by law, to revise or update any forward-looking statements as a result of new information, future events or otherwise.