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18.11.2016 19:39:00
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Western Refining, Inc. -- Moody's reviews Western Refining and subsidiaries for upgrade
New York, November 18, 2016 -- Moody's Investors Service, ("Moody's") placed the ratings of Western Refining, Inc. (WNR), Northern Tier Energy, LLC's (NTE) and Western Refining Logistics, LP (WNRL) under review for upgrade following the announcement that Tesoro Corporation (Tesoro, Ba1 positive) has entered into an agreement to acquire WNR in a transaction valued at approximately $6.4 billion. Tesoro has stated it plans to refinance WNR's and NTE's outstanding roughly $1.8 billion of notes and term loans.
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