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Prospect News home > News index > List of issuers A > Headlines for Andeavor Logistics LP > News item |
S&P gives BBB- to Andeavor Logistics notes
S&P said it assigned its BBB- issue-level rating to multiple tranches of Andeavor Logistics LP's proposed senior unsecured notes.
The partnership intends to use the net proceeds from the issuance to redeem all or a portion of its 5.875% senior notes due 2020 and 6.125% senior notes due 2021 and to repay amounts outstanding under its credit facility and fees and expenses, S&P said in a news release.
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