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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Tesoro Corp. (delisted) | NYSE:TSO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0 | - |
From Jun 2019 to Jun 2024
(Updates with stock price, additional background throughout)
DOW JONES NEWSWIRES
Tesoro Corp. (TSO) plans to offer $300 million in 10-year senior unsecured notes, with the refiner planning to use the proceeds for things including debt refinancing.
Numerous companies have been selling stock and/or notes to pay off or refinancing debt as investors show increased interest in such securities. Tesoro as of March 31 had $1.55 billion in debt.
The sale comes as oil and refined-product demand falls amid the recession. Some refineries in the U.S. may close permanently as a result of the ongoing weakness.
The U.S.'s third-largest refiner by capacity said last month it swung to a first-quarter profit, though revenues, prices and demand continued to slump.
Tesoro shares recently were up 0.9% at $17.67. The stock has more than doubled since November.
-By Tess Stynes, Dow Jones Newswires; 201-938-2473; tess.stynes@dowjones.com
1 Year Tesoro Chart |
1 Month Tesoro Chart |
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