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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Fri., Aug. 29, 1:14 AM

Slide #6. Tesoro Logistics LP Secondary Offering

Company: Tesoro Logistics LP (NYSE:TLLP)
Date announced: 8/18/2014
Shares Offered: 2,100,000
Date of Pricing: 8/19/2014
Price Per Share: $68.57
Secondary Offering Details: Tesoro Logistics LP (NYSE:TLLP) ("TLLP" or the "Partnership") today announced the commencement of a registered underwritten public offering of 2,100,000 common units representing limited partner interests in the Partnership. - updated 8/19 - Tesoro Logistics LP (NYSE:TLLP) ("TLLP" or the "Partnership") today announced that is has priced its previously announced underwritten public offering of 2,100,000 common units representing limited partner interests in the Partnership for total gross proceeds (before underwriting discounts and estimated offering expenses) of approximately $144 million. The offering is expected to close on or about August 22, 2014, subject to customary closing conditions.

Tesoro Logistics is a limited partnership that owns, operates, develops and acquires logistics assets. Co.'s logistics assets are used to gather crude oil and to distribute, transport and store crude oil and refined products. Co.'s operations are organized into two segments: Crude Oil Gathering, and Terminalling, Transportation and Storage. Co.'s crude oil gathering system gathers and transports crude oil produced in the Williston Basin. Co. owns and operates refined products terminals in the midwestern and western U.S., crude oil and refined products storage facility and related short-haul pipelines, marine terminals, including a rail car unloading facility.
Open the TLLP Page at The Online Investor »

Company Name:  Tesoro Logistics LP
Sector:  Oil & Gas Exploration & Production
Number of ETFs Holding TLLP:  3
Total Market Value Held by ETFs:  $3.86M
Total Market Capitalization:  $3.82B
% of Market Cap. Held by ETFs:  0.10%

Open the TLLP Page at The Online Investor (in a new window) »

August 29, 2014    1:14 AM Eastern
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Strong Buy (3.57 out of 4)
77th percentile
(ranked higher than approx. 77% of all stocks covered)
Based on Zacks ABR data;
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