Sunoco Logistics subsidiary enters $200 million unsecured revolver

By Jennifer Chiou

New York, Aug. 15 - Sunoco Logistics Partners Operations LP subsidiary Sunoco Partners Marketing & Terminals LP entered into a new $200 million unsecured revolving credit agreement on Aug. 9, according to an 8-K filing with the Securities and Exchange Commission.

Citibank, NA acted as administrative agent for the 364-day hedged inventory facility with Barclays Bank plc as syndication agent and TD Bank, NA and Wells Fargo Bank, NA as co-documentation agents.

Proceeds will be used to finance the purchase of eligible hedged hydrocarbon inventory from time to time, the filing stated.

The new facility replaces the company's $200 million unsecured revolving credit agreement that was to mature on Aug. 12.

There is an accordion feature to expand the facility to $300 million under certain conditions.

The crude oil transportation, storage and sales company is based in Philadelphia.

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