Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Wed, November 30, 4:46 PM
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Slide #200. Andeavor Logistics LP — Preferred Stock Offering
Andeavor Logistics LP (ANDX)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Andeavor Logistics LP (NYSE:ANDX) announced today the pricing of a public offering of $600,000,000 of its 6.875% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the "Series A Preferred Units") at a price to the public of $1,000 per unit. Andeavor Logistics does not intend to apply for the listing of the Series A Preferred Units on any securities exchange. The offering is expected to close on December 1, 2017, subject to the satisfaction of customary closing conditions.
Andeavor Logistics owns and operates networks of crude oil, refined products and natural gas pipelines, terminals with crude oil and refined products storage capacity, rail loading and offloading facilities, marine terminals including storage, bulk petroleum distribution facilities, a trucking fleet and natural gas processing. Co.'s has three segments: Terminalling and Transportation, which provides storage services, transporting refined products, and delivering crude oil; Gathering and Processing, which gathering and transporting crude oil, natural gas and produced water; and Wholesale, which includes the operations of several bulk petroleum distribution plants.
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Hold (2.22 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com