Tesoro Logistics to acquire certain assets from Tesoro for $270M

|About: Tesoro Logistics LP (TLLP)|By:, SA News Editor

Tesoro Logistics (TLLP) agrees to acquire three marketing terminals, a storage facility and a refined products pipeline from Tesoro (TSO) for $270M.

The three refined products terminals are adjacent to TSO's refineries at Martinez, Calif., Anacortes, Wash., and Kenai, Alaska, with expected total throughput of 35K-45K bbl/day; the marine crude oil and heavy products storage facility has a capacity of 1.5M barrels and is located adjacent to TSO's Anacortes refinery.

TLLP expects the deal to add $28M to annual EBITDA.