Moody's rates Tesoro Logistics' new notes Ba3; rating outlook positive
$750 million of notes rated. New York, November 29, 2016-- Moody's Investors Service assigned a Ba3 rating to Tesoro Logistics, L.P. proposed $750 million senior unsecured notes due 2025. The notes are being co-issued by Tesoro Logistics Finance Corp. The company primarily intends to use the notes proceeds to repay borrowings outstanding under TLLP's revolving credit facility, which is primarily used to fund dropdowns. TLLP's Ba2 Corporate Family Rating, positive outlook, and...
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