Cahill Represents Underwriters in $1.75 Billion Senior Notes Offering and $600 Million Preferred Stock Offering for Andeavor Logistics LP
Date: 11/28/17
Cahill represented the joint book-running managers in connection with the issuance and sale of $500,000,000,000 aggregate principal amount of 3.5% senior notes due 2022, $ 500,000,000 aggregate principal amount of 5.200% senior notes due 2047 and $750,000,000 aggregate principal amount of 4.25% senior notes due 2027 for Andeavor Logistics LP, an energy, oil and gas refinery and marketing company. Proceeds from the offering are expected to be used for to refinance existing indebtedness.
Cahill also represented the joint book-running managers in connection with the public offering of 600,000 shares of preferred stock for Andeavor Logistics LP, resulting in gross proceeds of $600,000,000. Proceeds from the offering are expected to be used for to refinance existing indebtedness.