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Tesoro to redeem all $300 million of 9¾% notes via new notes offering
By Tali Rackner
Norfolk, Va., March 4 - Tesoro Corp. plans to use the proceeds from a note offering to redeem all $300 million of its 9¾% senior notes due 2019, the company announced in a notice.
Cash on hand will also be used to fund the redemption.
The company plans to price $300 million of senior notes due 2024.
Tesoro is a San Antonio-based refiner and marketer of petroleum products.
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