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Article: Tesoro Petroleum Corporation Provides Pricing of Senior Secured Term Loans and Senior Secured Notes to Refinance Existing Debt.
- Article from:
- Business Wire
- Article date:
- April 9, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Energy Editors/Business Editors
SAN ANTONIO--(BUSINESS WIRE)--April 9, 2003
Tesoro Petroleum Corporation (NYSE:TSO) announced that it has negotiated the sale of $375 million in new senior secured notes and $200 million in new senior secured term loans both maturing in 2008 and sharing in a common collateral package.
The purpose of these transactions, along with the company's previously announced proposed senior secured revolving credit facility, are to refinance a portion of the company's existing long-term debt. The senior secured notes and senior secured term loans are scheduled to close on April 17, 2003, simultaneously with the company's ...