Cahill Represents Initial Purchasers in Acquisition Financing for Tesoro Logistics
Date: 10/29/14
Cahill represented BofA Merrill Lynch, RBS, Barclays, Citigroup, J.P. Morgan, Wells Fargo Securities, MUFG, RBC Capital Markets, and UBS Investment Bank as joint book-running managers and ABN AMRO, Mizuho Securities, and SunTrust Robinson Humphrey as co-managers in connection with the Rule 144A offering of $1,300,000,000, comprised of $500,000,000 aggregate principal amount of 5.50% Senior Notes due 2019 and $800,000,000 aggregate principal amount of 6.25% Senior Notes due 2022 by Tesoro Logistics LP and Tesoro Logistics Finance Corp. A portion of the proceeds from the offering will be used in connection with the proposed acquisition of QEP Field Services, LLC. Funds will be released from escrow upon the closing of the transaction.