Hunt Refining seeks $760 million credit facility

By Sara Rosenberg

New York. July 19 - Hunt Refining Co. is currently in market with a $760 million credit facility, according to a market source.

Barclays is the lead bank on the deal that launched with a bank meeting on Wednesday.

The facility consists of a $400 million term loan talked in the Libor plus 275 basis points area, a $100 million synthetic letter-of-credit facility talked in the Libor plus 275 bps area, a $130 million construction facility talked at Libor plus 275 bps to 300 bps and a $130 million revolver talked at Libor plus 275 bps to 300 bps, the source said.

Proceeds will be used to fund the expansion of an existing refinery.

Hunt is a Tuscaloosa, Ala., petroleum refining and marketing company.

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