September 13, 2012 / 9:07 PM / 5 years ago

New Issue-Tesoro Corp sells $925 mln notes in 2 parts

Sept 13 (Reuters) - Tesoro Corp on Thursday sold
$925 million of senior notes in two parts in the 144a private
placement market, said IFR, a Thomson Reuters service. 
    RBS, JP Morgan, Mizuho, and Natixis were the joint
bookrunning managers for the sale.

BORROWER: TESORO CORP 

TRANCHE 1
AMT $450 MLN    COUPON 4.25 PCT    MATURITY    10/01/2017
TYPE SR NTS     ISS PRICE 100      FIRST PAY   04/01/2013
MOODY'S Ba1     YIELD 4.25 PCT     SETTLEMENT  09/27/2012   
S&P BB-PLUS     SPREAD 359 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS
    
TRANCHE 2
AMT $475 MLN    COUPON 5.375 PCT   MATURITY    10/01/2022
TYPE SR NTS     ISS PRICE 100      FIRST PAY   04/01/2013
MOODY'S Ba1     YIELD 5.375 PCT    SETTLEMENT  09/27/2012   
S&P BB-PLUS     SPREAD 361 BPS     PAY FREQ    SEMI-ANNUAL
FITCH N/A       MORE THAN TREAS    MAKE-WHOLE CALL 50 BPS

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