Tesoro Ticks Up

GlobalCapital Securitization, is part of the Delinian Group, DELINIAN (GLOBALCAPITAL) LIMITED, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 15236213

Copyright © DELINIAN (GLOBALCAPITAL) LIMITED and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Tesoro Ticks Up

Levels for Tesoro Petroleum Corp.'s bank debt ticked up in the secondary loan market last week as the paper rose from the low 90s into the 95-97 range. Traders said no paper changed hands. One trader suggested the name was climbing on the back of Premcor, a St. Louis-based company that is currently pursuing an acquisition of the Williams Company's Memphis refinery. In addition, crack spreads have held their ground, he added. Tesoro's $1.275 billion credit facility is led by Lehman Brothers. Calls to Sharon Layman, Tesoro v.p. and treasurer, were not returned by press time.

Gift this article