Reuters logo
BRIEF-Tesoro Logistics reaches agreement with Tesoro Corp to acquire second portion of Los Angeles logistics assets for $650 mln
November 18, 2013 / 9:12 PM / 4 years ago

BRIEF-Tesoro Logistics reaches agreement with Tesoro Corp to acquire second portion of Los Angeles logistics assets for $650 mln

Nov 18 (Reuters) - Tesoro Logistics LP : * Tesoro Logistics reaches agreement with Tesoro Corporation to acquire second

portion of Los Angeles logistics assets * Total consideration for deal of $650 million * Says acquisition of these strategically important assets will be immediately

accretive * Partnership expects deal will contribute estimated EBITDA of $60 million to

$65 million in its first full year of operation * Deal price of $650 million will include cash of $585 million and an equity

consideration valued at approximately $65 million * Expects that Los Angeles logistics assets will contribute about annual EBITDA

of $65 million to $75 million after first year of operation * Source text for Eikon * Further company coverage

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below