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Tesoro to sell $9800 million notes in two parts
New York, Nov. 3 - Tesoro Corp. said it plans to sell $900 million of new senior notes in a two-part offering.
The tranches will be due 2012 and 2015, the San Antonio-based oil refiner said.
Proceeds, along with cash on hand, will be used to repurchase the company's 9 5/8% senior subordinated notes due 2008, 9 5/8% senior subordinated notes due 2012 and 8% senior secured notes due 2008.
The new deal will be offered under Rule 144A and Regulation S.
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