Tesoro Logistics closes acquisition of second portion of LA logistics assets Tesoro Corporation (TSO) and Tesoro Logistics LP (TLLP) announced that TLLP has closed the acquisition of the majority of the remaining Los Angeles logistics assets owned by Tesoro's subsidiary, Tesoro Refining & Marketing Company LLC, for total consideration of $650M. The Partnership expects that the Los Angeles Logistics Assets will contribute an estimated EBITDA of $60M-$65M in its first full year of operation and annual EBITDA of $65M-$75M thereafter as a result of expected synergies to be gained from the integration of Tesoro's Los Angeles downstream business. Annual maintenance capital expenditures are expected to be $10M-$14M. For 2014 and 2015, TLLP expects capital reimbursements from Tesoro of approximately $7M per year.
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