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Tesoro Logistics prices upsized $700M senior note offering

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Tesoro Logistics prices upsized $700M senior note offering

TesoroLogistics LP has priced an upsized $700 million of senior notes.

The partnership will issue $450 million of 6.375% senior notesdue 2024 at 100% of the principal amount and $250 million of 6.125% seniornotes due 2021 at 100.25% of the principal amount plus accrued interest fromApril 15, according to a May 9 news release.

The size of the 2024 notes offering was originally set at$350 million.

The offering is scheduled to close May 12.Citigroup and MUFG are joint global coordinators.