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Tesoro Logistics (TLLP) Sees IPO Price of $19 - $21/Unit

April 13, 2011 7:52 AM EDT
Tesoro Logistics LP (NYSE: TLLP) filed an amended registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Units. Tesoro plans to sell 12,500,000 units and sees a price of $19 - $21 per Unit. esoro has filed to list its Common Units on the New York Stock Exchange under the ticker "TLLP."

The offering is being made through Citi, Wells Fargo Securities, BofA/Merrill Lynch, Credit Suisse, Barclays Capital, Deutsche Bank Securities, J.P. Morgan, Raymond James, and RBC Capital Markets.

Tesoro Logistics LP is a fee-based, growth-oriented Delaware limited partnership recently formed by Tesoro (NYSE: TSO) to own, operate, develop and acquire crude oil and refined products logistics assets.


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